17:16K-6. Negligent, willful or reckless violation of act by financial institution or government agency; penalties
84 words·~1 min read·
/nj/title-17/chapter-16k/17-16k-6·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If a court of competent jurisdiction determines that a financial institution or a government agency acted negligently, willfully, or recklessly in violating this act, the financial institution or government agency shall be liable to the aggrieved person for actual damages sustained by him; reasonable litigation costs; reasonable attorneys' fees; and only in cases where a financial institution or government agency acted willfully or recklessly, a court of competent jurisdiction may award punitive damages where appropriate. L.1983, c. 466, s. 6, eff. Jan. 12, 1984.