Financial Consumer Protection Act Article 11-3

The court may, in response to a claim by a financial consumer, award punitive damages up to three times the amount of actual damage for damage caused by a willful act of misconduct by a financial services enterprise; however, if such damage is caused by negligence, a court may award punitive damages up to one time the amount of the actual damage.The aforementioned rights to claim punitive damages shall be extinguished if not exercised within two years from the time the claimant learns of the cause entitling damages to be claimed or within five years from the date of occurrence of such cause for damages.