[§412:2-606.5] Financial institution name fraud. (a) No person shall use the name or trademark of a financial institution, as defined in section 412:1-109, or its affiliates or subsidiaries when marketing or soliciting existing or prospective customers if the marketing materials are used without the written consent of the financial institution and in a manner that would lead a reasonable person to believe that the material or solicitation originated from, was endorsed by, is related to, or is the responsibility of the financial institution or its affiliates or subsidiaries.
(b) The commissioner may impose a civil penalty of up to $10,000 for each violation of this section. [L 2008, c 51, §2]
Revision Note
Enacted as an addition to article 1 of chapter 412, this section was redesignated to this article pursuant to §23G-15.
Section: Previous 412-2-600 412-2-601 412-2-602 412-2-603 412-2-604 412-2-605 412-2-606 412-2-606.5 412-2-607 412-2-608 412-2-609 412-2-609.5 412-2-610 412-2-611 412-3-100 NextLast modified: October 27, 2016