No Firearms Code for Credit Card Transactions.

This bill prohibits financial institutions in North Carolina from using special codes to identify credit card transactions made at local firearms retailers. The law defines a firearms code as any indicator that marks a purchase of guns or related items and bans banks and payment processors from applying these tags to such transactions. Violations can result in civil penalties of up to $10,000 per incident, which may be enforced by the state Attorney General or pursued through lawsuits filed by affected businesses or consumers. Additionally, the bill allocates $5,000 to inform businesses about these new requirements, with most provisions taking effect on October 1, 2024.