This bill proposes to amend the Arizona Revised Statutes by adding a new section, 6-194, which explicitly prohibits the state from requiring banks or financial institutions to utilize a social credit score in their lending evaluations.

Currently, there are no specific statutes addressing the use of social credit scores in lending practices, leaving banks and financial institutions to determine their own criteria for evaluating customers. The insertion of this new language would clarify that such scores cannot be mandated by the state, thereby protecting customers from potential discrimination based on social credit assessments.

Statutes affected:
Introduced Version: 6-194