This bill proposes to amend Title 6, Chapter 2, Article 1 of the Arizona Revised Statutes by adding a new section, 6-194. The new provision explicitly prohibits the state from requiring banks or financial institutions to utilize a social credit score when assessing whether to extend credit to customers. This insertion aims to safeguard consumers from potential discrimination based on social credit evaluations in lending practices.

The current statutes regarding the regulation and operation of financial institutions will remain unchanged, as the bill only adds this new section without altering existing laws. The prohibition on the use of social credit scores is a significant update intended to ensure fair lending practices in Arizona.

Statutes affected:
Introduced Version: 6-194
House Engrossed Version: 6-194