(1) Any person who, with intent to defraud, violates any requirement imposed under this part 2 shall be liable in an amount equal to the sum of: (a) Three times the amount of actual damages sustained or three thousand dollars, whichever is greater; and (b) In the case of any successful action to enforce said liability, the costs of the action together with reasonable attorney fees as determined by the court. (2) An action to enforce any liability created under subsection (1) of this section must be brought within the time period prescribed in section 13-80-102, C.R.S. (3) There shall be no liability under this section if a judgment has been entered in federal court pursuant to section 409 of the "Motor Vehicle Information and Cost Savings Act", Public Law 92-513.
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