(a) Any financial institution that negligently discloses or shares confidential consumer information in violation of this Article shall be liable, irrespective of the amount of damages suffered by the consumer as a result of that violation, for an administrative fine or civil penalty not to exceed two thousand five hundred dollars ($2,500) per violation.
(b) Any financial institution that knowingly and willfully obtains, discloses, or uses confidential consumer information in violation of this Article shall be liable upon a first violation, for an administrative fine or civil penalty not to exceed two thousand five hundred dollars ($2,500) per violation, or upon a second violation for an administrative fine or civil penalty not to exceed ten thousand dollars ($10,000) per violation, or upon a third or subsequent violation for an administrative fine or civil penalty not to exceed twenty-five thousand dollars ($25,000) per violation.
(c) Any financial institution that knowingly and willfully obtains, discloses, or uses confidential consumer information in violation of this Article for financial gain shall be liable upon a first violation for an administrative fine or civil penalty not to exceed five thousand dollars ($5,000) per violation, or upon a second violation for an administrative fine or civil penalty not to exceed twenty-five thousand dollars ($25,000) per violation, or upon a third or subsequent violation for an administrative fine or civil penalty not to exceed two hundred fifty thousand dollars ($250,000) per violation and shall be subject to disgorgement of any proceeds or other consideration obtained as a result of the violation.
(d) Nothing in this Article shall be construed as authorizing an administrative fine or civil penalty under both paragraphs (2) and (3) for the same violation.
(Added by Ord. 237-02, File No. 021339, App. 12/20/2002)