13-74-201. Limitations on firearms merchant codes.
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/ut/title-13/chapter-74/13-74-201A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Effective 5/1/2024
13-74-201. Limitations on firearms merchant codes.
(1)For the processing of a payment card transaction, a financial entity may not assign to a firearms retailer or require a firearms retailer to use the firearms code.
(2)For purposes of the sale of a firearm, a firearm accessory or component, ammunition, or reloading supplies, a firearms retailer may not provide the firearms code to a financial entity.
(3)A financial entity may not otherwise classify a firearms retailer separately from general merchandise retailers or sporting goods retailers.
(4)Nothing in this chapter:
(a)limits a financial entity's ability to:
(i)negotiate with responsible parties; or
(ii)comply with state or federal laws or regulations; or
(b)impairs a financial entity's activities related to dispute processing, fraud or compliance management, or protecting transaction integrity from concerns related to illegal or suspicious activities, data breaches, or cyber risks.
Enacted by Chapter 203 , 2024 General Session