The proposed bill, if enacted, would amend Title 6, Chapter 2, Article 1 of the Arizona Revised Statutes by adding a new section, 6-194. This new section would explicitly prohibit 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, allowing banks to consider various factors, including credit scores and histories, when determining loan eligibility. The insertion of this new provision would clarify that social credit scores cannot be a mandated factor in these evaluations, thereby protecting consumers from potential discrimination based on such scores.

Statutes affected:
Introduced Version: 6-194