Signed into LawFiled Apr 15, 2026
Sponsor: Tommy Pope (R)
Latest Action
Act No. 257
Jul 1, 2026
Summary
The law adds Chapter 47 to Title 34, defining "adverse action" and banning discrimination by covered financial institutions on the basis of protected First Amendment activities or non‑risk‑based criteria. Affected customers can request a written explanation within 90 days, and the institution must respond within 30 days with a specific reason. The act also outlines permissible business decisions and gives the Attorney General enforcement authority.
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