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The statute simply states that “a financial institution may not require a firearms retailer in this state to use a firearms code that is different from that of a general transaction.”
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The law simply states that “a financial institution may not require a firearms retailer in this state to use a firearms code that is different from that of a general transaction.”
The 2nd Amendment Financial Privacy Act would prohibit a payment settlement entity, merchant acquiring entity, or a third-party settlement organization from assigning a merchant category code or otherwise classifying a merchant that is a seller of firearms or ammunition separately from general merchandise retailers or sporting goods retailers.