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Current as of January 01, 2024 | Updated by Findlaw Staff
1. A person shall not knowingly cause to be presented for filing in a filing office or promote the filing of a financing statement record in a filing office that the person knows:
a. Not to be authorized under section 41-09-80 or 41-09-130 by the natural person whose name was provided as an individual debtor in the financing statement record; and
b. Was filed or presented for filing with the intent that:
(1) The financing statement record be used to harass or hinder the natural person whose name was provided as an individual debtor in the financing statement record without that person's authorization; or
(2) The financing statement record be used to defraud any person.
2. A person who violates subsection 1 is liable to each such debtor for:
a. The greater of ten thousand dollars or the actual damages caused by the violation;
b. Court costs;
c. Reasonable attorney's fees;
d. Related expenses of bringing the action, including investigative expenses; and
e. Exemplary damages in the amount determined by the court.
Cite this article: FindLaw.com - North Dakota Century Code Title 41. Uniform Commercial Code § 41-10-03. Civil penalty - last updated January 01, 2024 | https://codes.findlaw.com/nd/title-41-uniform-commercial-code/nd-cent-code-sect-41-10-03/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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