1. (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.

2. (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. (1) at the request of the consumer;

   2. (2) in accordance with:

      1. (A) fraud controls; or

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

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