|
REFERENCE TITLE: firearms; merchant category codes; prohibition |
|
State of Arizona House of Representatives Fifty-sixth Legislature Second Regular Session 2024
|
|
HB 2727 |
|
|
|
Introduced by Representatives Nguyen: Bliss, Gillette
|
An Act
amending title 6, chapter 2, article 1, Arizona Revised Statutes, by adding section 6-194; relating to financial institutions.
(TEXT OF BILL BEGINS ON NEXT PAGE)
Be it enacted by the Legislature of the State of Arizona:
Section 1. Title 6, chapter 2, article 1, Arizona Revised Statutes, is amended by adding section 6-194, to read:
6-194. Firearms; financial institutions; merchant category code; prohibition; enforcement
A. A financial institution may not require any merchant retailer or sporting goods retailer in this state to use a firearms or ammunition merchant category code.
B. Any person may file a complaint with the attorney general alleging a violation of this section. If the attorney general declines to investigate or does not find a violation, the person may file a complaint in a court of competent jurisdiction. If the court finds by a preponderance of the evidence that a violation of this section has OCCURRED, the court shall provide the financial institution thirty days to cure the violation and destroy any protected financial information.
C. If the court finds that the financial institution fails to comply with subsection A of this section after the thirty-day period as prescribed in subsection B of this section the court shall:
1. Enjoin the financial institution from collecting any further protected financial information.
2. Require the financial institution to surrender any license to do business in this state for a period of up to five years.
3. Impose a civil penalty of up to $50,000 on the financial institution.
4. Order any other relief as the court may deem APPROPRIATE.