NC H781

Requires financial institutions operating in North Carolina to offer all financial products and services on proportionally equal terms to persons engaged in lawful activities based on measurable quantitative and qualitative risks.

Prohibits financial institutions from denying financial products or services to persons engaged in lawful activities based on personal, ideological, moral, or political opinions.

Mandates that financial institutions include compliance directives in their written policies and procedures.

Grants the North Carolina Commissioner of Banks authority to revoke, suspend, or refuse to renew charters and licenses for violations, conduct examinations, receive consumer complaints, and adopt enforcement rules with appeal rights to the State Banking Commission.

Grants the North Carolina Administrator of Credit Unions similar enforcement powers including revocation or suspension of credit union certificates of approval and authority to examine and investigate violations.

Act becomes effective October 1, 2023.