Relating to prohibiting the imposition of a monetary fine or penalty for a violation of a money services business's terms of service agreement; providing a civil penalty.

SB 512 prohibits money services businesses (such as wire transfer companies) from including monetary fines or penalties in their customer terms of service agreements for violations. Businesses that violate this rule would face a civil penalty equal to three times the fine they attempted to impose, enforced by the attorney general. The law applies only to new terms of service agreements entered into after September 1, 2025, leaving existing agreements unaffected. It does not prevent businesses from closing accounts for violations but bans the use of fines as a penalty mechanism.