Bill Summaries: H899 NO FIREARMS CODE FOR CREDIT CARD TRANSACTIONS.

Printer-friendly: Click to view
Tracking:
  • Summary date: Apr 24 2024 - View Summary

    Amends GS Chapter 66 by adding new Article 52 (No Firearms Code for Payment Card Transactions), which prohibits a financial institution from using a firearm code in connection with payment card transactions involving a firearms retailer in the state.  Defines financial institution, firearms code, and firearms retailer.  Permits the Attorney General to assess civil penalties of not more than $10,000 for each violation after notice and hearing. Provides a civil cause of action for firearms retailers and persons using payment cards, permitting injunctions, statutory damages of $10,000 for each violation, and costs and attorneys' fees. Provides a three-year statute of limitations on civil actions. Effective October 1, 2024.

    Effective July 1, 2024, appropriates $5,000 from the General Fund to the NC Chamber to notify businesses throughout the state of new Article 52.