Laws: Cases and Codes : U.S. Code : Title 12 : Section 5009


   
U.S. Code as of: 01/19/04
Section 5009. Measure of damages

    (a) Liability
      (1) In general
        Except as provided in section 5005 of this title, any person
      who, in connection with a substitute check, breaches any warranty
      under this chapter or fails to comply with any requirement
      imposed by, or regulation prescribed pursuant to, this chapter
      with respect to any other person shall be liable to such person
      in an amount equal to the sum of - 
          (A) the lesser of - 
            (i) the amount of the loss suffered by the other person as
          a result of the breach or failure; or
            (ii) the amount of the substitute check; and

          (B) interest and expenses (including costs and reasonable
        attorney's fees and other expenses of representation) related
        to the substitute check.
      (2) Offset of recredits
        The amount of damages any person receives under paragraph (1),
      if any, shall be reduced by the amount, if any, that the claimant
      receives and retains as a recredit under section 5006 or 5007 of
      this title.
    (b) Comparative negligence
      (1) In general
        If a person incurs damages that resulted in whole or in part
      from the negligence or failure of that person to act in good
      faith, then the amount of any liability due to that person under
      subsection (a) shall be reduced in proportion to the amount of
      negligence or bad faith attributable to that person.
      (2) Rule of construction
        Nothing in this subsection reduces the rights of a consumer or
      any other person under the Uniform Commercial Code or other
      applicable provision of Federal or State law.



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