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NASCAR driver Kyle Busch was clocked by an Iredell County sheriff's deputy going 128 mph in a 45 mph zone and was cited for careless and reckless driving and speeding.
BUSCH: 'It Was A Lapse In Judgement'
Iredell County Sheriff's Office Capt. Darren Campbell said a deputy stopped Busch's 2012 yellow Lexus sports car on Perth Road near Judas Road, between Troutman and Mooresville.
Campbell said Busch was cited and released upon a written promise to appear in court.
WATCH: Strong Reactions To Kyle Busch's Speeding Incident
In a statement issued late Tuesday, Busch acknowledged what happened.
PDF: Busch Citation
"I was test-driving a new sports car and I got carried away," Busch said. "I went beyond the speed I should have been going on a public road. I apologize to the public, my fans, sponsors, and race teams for my lack of judgment."
Click here to read Busch's full statement.
Busch, who drives for Joe Gibbs Racing, accepted responsibility and said it would never happen again.
NASCAR spokesman Kerry Tharp said Busch would be allowed to race this weekend at Charlotte Motor Speedway. He's coming off a second-place finish in Saturday night's All-Star race, and goes into the Coca-Cola 600 ranked third in the Sprint Cup Series standings.
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"This is a matter that Kyle will have to handle with the authorities in Iredell County," Tharp said. "Based on what we know right now, this would not impact his status as a NASCAR driver."
Homeowners that live near where Busch was stopped expressed anger on Wednesday. Kim Shaw is a mother of two, and lives just three houses down from the road Busch was driving on.
She said Busch's incident is "worse" because of his celebrity status.
"He's a role model for so many people, children included," Shaw said. "With him going that fast, what is that teaching children?"
Parents like Shaw also wondered why Busch was not arrested after being cited for going that fast.
By phone, Iredell Co. Lieutenant Rick Eades said an arrest in up to the deputy's discretion.
He said the deputy in Busch's case found no reason to make an arrest.
"There were no accidents, no almost-accidents, no other things or circumstances involved in it," Lt. Eades said.
In 2006, Busch pleaded guilty to improper driving and was fined $150 after he was ticketed in suburban Richmond, Va., on a reckless driving charge when he pulled out of a gas station and into a fast-food restaurant. Busch said at the time he "chirped" his tires but didn't exceed 10 mph.
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Under a misdemeanor reckless driving charge he originally faced, Busch could have received up to one year in jail, a $2,500 fine and a driver's license suspension.
Busch is due in court on July 20th.
Last month, Busch was placed on probation through June 15 after he and Kevin Harvick confronted each other in the pits after a race at Darlington Raceway.