Montana SB240 establishes the Equality in Financial Services Act, prohibiting financial institutions from discriminating in service provision.

Montana SB240, the Equality in Financial Services Act, mandates that financial institutions provide reasons for refusal to offer services, prohibits discrimination based on protected speech or activities, and allows harmed individuals to seek damages and legal fees. The act applies to institutions with over $100 billion in assets or transactions. It defines "discriminate in the provision of financial services" and "financial institution," and outlines penalties for violations. The act becomes effective July 1, 2025.

Montana SB240 establishes the Equality in Financial Services Act, prohibiting financial institutions from discriminating in service provision.

Montana SB240, the Equality in Financial Services Act, mandates that financial institutions provide reasons for refusal to offer services, prohibits discrimination based on protected speech or activities, and allows harmed individuals to seek damages and legal fees. The act applies to institutions with over $100 billion in assets or transactions. It defines "discriminate in the provision of financial services" and "financial institution," and outlines penalties for violations. The act becomes effective July 1, 2025.