13-74 - Firearm Financial Transactions
Title 13 > 13-74
Sections (3)
General Provisions
13-74-101 - Definitions.
(1) “Ammunition” means ammunition or cartridge cases, primers, bullets, or propellant powder designed for use in a firearm.
(2) “Customer” means an individual who presents a payment card to a merchant for the purchase of a good or service.
(3) “Financial entity” means any person involved in facilitating or processing a payment card transaction, including:a payment card network;a merchant acquirer; ora payment facilitator.
(4) “Firearm” means the same as that term is defined in Section 76-11-101.
(5) “Firearm accessory or component” means a device specifically adapted to:enable the wearing or carrying about one’s person or the storage or mounting in or on any conveyance of a firearm; orbe inserted into or affixed to a firearm to enable, alter, or improve the functioning or capabilities of the firearm.”Firearm accessory or component” includes a telescopic or laser sight, magazine, flash or sound suppressor, folding or aftermarket stock or grip, speedloader, brace, ammunition carrier, or light for target illumination.
(6) “Firearms code” means the merchant category code 5723, approved in September 2022 by the International Organization for Standardization, for firearms retailers.
(7) “Firearms retailer” means a merchant engaged in the lawful business of selling or trading firearms, firearm accessories or components, or ammunition.
(8) “Merchant” means a person physically located in the state who accepts a payment card from a customer for the purchase of a good or service.
(9) “Payment card” means a card, code, or other means by which a person may debit a deposit account or use a line of credit to purchase a good or service.
(10) “Reloading supplies” means any equipment, component, or material designed for the reloading of ammunition, including reloading presses, shell holders, powder measures, priming tools, reloading manuals, casings, and gunpowder.
Amended by Chapter 173, 2025 General Session
Prohibited Conduct
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:limits a financial entity’s ability to:negotiate with responsible parties; orcomply with state or federal laws or regulations; orimpairs 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
Enforcement
13-74-301 - Enforcement powers of the attorney general.
(1) The attorney general has the sole authority to enforce the provisions of this chapter.Nothing in this chapter creates a private right of action.
(2) If a person believes that a financial entity violated or is in violation of this chapter, the person may file a complaint with the attorney general.Upon receipt of a complaint, the attorney general shall initiate an investigation.
(3) If, based on investigation, the attorney general believes that a financial entity violated or is in violation of this chapter, the attorney general shall send the financial entity written notice that identifies each violation and directs the financial entity to cease each violation within 30 days after the day on which the financial entity receives the notice.
(4) The attorney general shall initiate a civil action against a financial entity that fails to cease a violation of this chapter within the 30-day time period described in Subsection (3).In an action under this subsection, the attorney general may seek, and the court may order:injunctive relief;if the court determines that the financial entity recklessly violated a provision of this chapter, a civil fine of 25,000 for each violation or actual damages, whichever is greater; andcosts and reasonable attorney fees to the attorney general if the court issues an injunction or imposes a civil fine.
Enacted by Chapter 203, 2024 General Session