(1) A person may bring an action against a commercial entity in a court of competent jurisdiction in this state if:

1. (a) the commercial entity enters into a consumer transaction with that person;
2. (b) as a result of the consumer transaction described in Subsection (1)(a), the commercial entity obtains nonpublic personal information concerning that person; and
3. (c) the commercial entity violates this chapter.

(2) In an action brought under Subsection (1), a commercial entity that violates this chapter is liable to the person who brings the action for:

1. (a) $500 for each time the commercial entity fails to provide the notice required by this section in relation to the nonpublic personal information of the person who brings the action; and
2. (b) court costs.