Bill Summary for H 899 (2023-2024)

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Summary date: 

Apr 24 2024

Bill Information:

View NCGA Bill Details2023-2024 Session
House Bill 899 (Public) Filed Wednesday, April 24, 2024
AN ACT TO PROHIBIT FIREARMS CODES FOR PAYMENT CARD TRANSACTIONS.
Intro. by Cleveland, Warren.

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Bill 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.