AN ACT relating to purchases from licensed gun dealers.

Create a new section of KRS Chapter 367 to prohibit credit card companies, financial institutions, or other persons engaged in the offering, administering, facilitating, or servicing of a revolving credit plan from using a merchant category code or other method that categorizes purchases from licensed gun dealers separately from other retailers; establish remedies, powers, and duties of the Attorney General for a violation; provide for a cause of action for any person damaged by a violation of the prohibition on using certain merchant category codes or other methods; amend KRS 367.990 to establish civil penalties for a violation; create a new section of KRS Chapter 45A to establish requirements for a governmental body contracting for financial services or products relating to payment card processing; provide that the requirements on contracts with a governmental body apply to contracts entered into on or after the effective date of the Act.