SD HB1224

Prohibits financial institutions (banks and payment processors handling over $100 billion annually) from denying or restricting services based on a customer's religious exercise, political speech, expressive activity, or participation in lawful economic activity

Requires financial institutions to provide within 30 days a written statement explaining specific reasons for any adverse action when requested by the affected person within 90 days of the action

Allows exceptions for good-faith business decisions related to account inactivity, default, legal compliance, safety concerns, or profitability when applied impartially

Creates civil liability with damages of actual harm or $10,000 per violation (whichever is greater), plus treble damages for willful violations, with enforcement by the attorney general, state's attorneys, or harmed individuals

Classifies violations as deceptive trade practices under South Dakota law (chapter 37-24)