North Carolina General Statutes 53B-10. Penalty
(a) Any financial institution disclosing financial records or information contained therein in violation of this Chapter shall be liable to the customer to whom the records relate in an amount equal to the sum of:
(1) One thousand dollars ($1,000);
Terms Used In North Carolina General Statutes 53B-10
- Customer: means a person who has transacted business with a financial institution or has used the services offered by a financial institution. See North Carolina General Statutes 53B-2
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Financial institution: means a banking corporation, trust company, savings and loan association, credit union, or other entity principally engaged in the business of lending money or receiving or soliciting money on deposit. See North Carolina General Statutes 53B-2
- Government authority: means an agency or department of the State or of any of its political subdivisions, including any officer, employee, or agent thereof. See North Carolina General Statutes 53B-2
(2) Any actual damages sustained by the customer as a result of the disclosure; and
(3) Such punitive damages as the court may allow, where the violation is found to have been willful or intentional.
(b) Any government authority that participates in or induces or solicits a violation of this Chapter shall be liable to the customer to whom the violation relates in the amount set out in subsection (a) above. It shall be a defense to an action under this subsection that the government authority acted in good faith in obtaining and relying upon process issued pursuant to N.C. Gen. Stat. § 53B-4 (1985 (Reg. Sess., 1986), c. 1002, s. 1.)