TITLE 67

STATE GOVERNMENT AND STATE AFFAIRS

CHAPTER 27

DEPARTMENT OF FINANCE

67-2756.   Private remedies. (1) In the event a financial institution indemnifies its customer for damages caused by a violation of this act, or assumes the loss caused its customer by a violation of this act, the financial institution shall be entitled to sue the violator, at law or in equity, to recover any actual damages suffered by its customer, plus costs and attorney’s fees incurred in the bringing of the action.

(2)  A financial institution may bring an action to enjoin the use prohibited in section 67-2752(7), Idaho Code, and recover all damages suffered by reason of the prohibited use, including reasonable attorney’s fees. The financial institution may recover any profits derived from the prohibited use.

History:

[67-2756, added 2005, ch. 265, sec. 8, p. 814; am. 2007, ch. 126, sec. 9, p. 381.]