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<section article="gfi" article_name="Financial Institutions" number="5-806" title_number="5" title_name="Banking Institutions -- General Provisions" subtitle_number="8" subtitle_name="Prohibited Activities; Penalties">
  <level label="a">
    <text>Except for a banking institution, a national banking association, an other–state bank, or a savings and loan association that is authorized to do business in this State, a person may not use any name, title, or other words that represent that the person is authorized to do the business of banking in this State.</text>
  </level>
  <level label="b">
    <level label="1">
      <level label="i">
        <text>In this subsection the following terms have the meanings indicated.</text>
      </level>
      <level label="ii">
        <level label="1">
          <text>“Bank” means any banking institution, national banking association, other–state bank, or savings and loan association that is authorized to do business in this State, and any subsidiary or affiliate of the entity.</text>
        </level>
        <level label="2">
          <text>“Bank” includes any Farm Credit System institution in this State.</text>
        </level>
      </level>
      <level label="iii">
        <text>“Name” means the name, trade name, trademark, service mark, logo, or tagline used by a bank to identify itself.</text>
      </level>
    </level>
    <level label="2">
      <text>Except with the consent of the bank, a person may not use the name of a bank or any term or design that is similar to the name of a bank in any marketing material provided to another person or in any solicitation of another person in a manner that may cause a reasonable person to be confused, mistaken, or deceived that the marketing material or solicitation:</text>
      <level label="i">
        <text>Originated from the bank;</text>
      </level>
      <level label="ii">
        <text>Originated from someone affiliated, connected, or associated with the bank;</text>
      </level>
      <level label="iii">
        <text>Is approved or sponsored by the bank; or</text>
      </level>
      <level label="iv">
        <text>Is the responsibility of the bank.</text>
      </level>
    </level>
  </level>
  <level label="c">
    <text>In addition to any other remedies a bank may have under any other provision of law, a bank that is affected by a violation of subsection (b) of this section may bring an action against the person that committed the violation to recover:</text>
    <level label="1">
      <text>Actual damages sustained as a result of the violation;</text>
    </level>
    <level label="2">
      <text>Either:</text>
      <level label="i">
        <text>All profits attributable to the violation; or</text>
      </level>
      <level label="ii">
        <text>$1,000 for each violation; and</text>
      </level>
    </level>
    <level label="3">
      <text>Court costs and reasonable attorney’s fees.</text>
    </level>
  </level>
  <level label="d">
    <text>Any person who violates subsection (a) of this section is guilty of a misdemeanor and on conviction is subject to a fine not exceeding $3,000 or imprisonment not exceeding 5 years or both.</text>
  </level>
</section>
