West Virginia § 31A-2B-7 Use of protected financial information for discriminatory purpose

West Virginia Statutes

§ 31A-2B-7 — Use of protected financial information for discriminatory purpose

West Virginia·Ch. 31A BANKS AND BANKING·Art. 2B THE SECOND AMENDMENT FINANCIAL PRIVACY ACT

A financial institution may not use a firearms code to engage in the following discriminatory conduct:

(1)Declining a lawful payment card transaction based on the assignment of a firearms code to the merchant or transaction;

(2)Limiting or declining to do business with a customer, potential customer, or merchant based on the assignment of a firearms code to previous lawful transactions involving the customer, potential customer, or merchant;

(3)Charging a higher transaction or interchange fee to any merchant or for a lawful transaction, as compared to the fee charged to a similarly situated merchant or for a similar transaction, based on the assignment of a firearms code; or

(4)Otherwise taking any action against a customer or merchant that is intended to suppress lawful commerce i

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A financial institution may not use a firearms code to engage in the following discriminatory conduct:

(1) Declining a lawful payment card transaction based on the assignment of a firearms code to the merchant or transaction;

(2) Limiting or declining to do business with a customer, potential customer, or merchant based on the assignment of a firearms code to previous lawful transactions involving the customer, potential customer, or merchant;

(3) Charging a higher transaction or interchange fee to any merchant or for a lawful transaction, as compared to the fee charged to a similarly situated merchant or for a similar transaction, based on the assignment of a firearms code; or

(4) Otherwise taking any action against a customer or merchant that is intended to suppress lawful commerce involving firearms, firearm accessories or components, or ammunition.

West Virginia § 31A-2B-7 (Use of protected financial information for discriminatory purpose) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.