Sec. 22. (a) Except as provided in subsection (b), a financial services provider may not decline or otherwise refuse to process a lawful payment card transaction based solely on the assignment or nonassignment of a firearms code to the payment card transaction.

contract signature

Ask a consumer protection question, get an answer ASAP!
Thousands of highly rated, verified consumer protection lawyers.
Help with credit card debt, collections, defective products
Get help with bankruptcy, filing complaints, extended warranties & more
Click here to chat with a lawyer about your rights.

Terms Used In Indiana Code 24-5-27.5-22

  • financial services provider: means any of the following that is involved in facilitating or processing a payment card transaction, as appropriate in the context:

    Indiana Code 24-5-27.5-7

  • firearms code: means a merchant category code approved by the International Organization for Standardization specifically for firearms retailers. See Indiana Code 24-5-27.5-9
  • firearms retailer: means any person that:

    Indiana Code 24-5-27.5-10

  • Fraud: Intentional deception resulting in injury to another.
  • payment card: means :

    Indiana Code 24-5-27.5-14

  • payment card transaction: means a transaction in which a consumer uses a payment card to purchase or obtain goods, services, money, or any other thing of value. See Indiana Code 24-5-27.5-17
     (b) A financial services provider may decline or otherwise refuse to process a lawful payment card transaction involving a firearms retailer on the basis of the assignment or nonassignment of a firearms code:

(1) at the request of the consumer;

(2) in accordance with:

(A) fraud controls; or

(B) merchant category exclusions offered by a financial services provider for the purpose of expenditure control or corporate card control;

applicable to the payment card involved in the payment card transaction; or

(3) for purposes of restricting the use or availability of a firearms code in Indiana.

As added by P.L.132-2024, SEC.4.

  Previous section
Next section  
 Chapter 27.5 Contents