Texas SB946 prohibits discrimination in extending credit to individuals and organizations based on social credit scores or value-based standards.

Texas SB946 amends the Finance Code to prohibit discrimination in extending credit to individuals and organizations. It prevents lenders from denying or limiting credit based on sex, race, religion, national origin, marital status, age, income from public assistance, or exercising rights under the Consumer Credit Protection Act. For organizations, credit cannot be denied based on social credit scores, environmental, social, or governance scores, diversity, equity, or inclusion practices, or associations with specific industries.

Texas SB946 prohibits discrimination in extending credit to individuals and organizations based on social credit scores or value-based standards.

Texas SB946 amends the Finance Code to prohibit discrimination in extending credit to individuals and organizations. It prevents lenders from denying or limiting credit based on sex, race, religion, national origin, marital status, age, income from public assistance, or exercising rights under the Consumer Credit Protection Act. For organizations, credit cannot be denied based on social credit scores, environmental, social, or governance scores, diversity, equity, or inclusion practices, or associations with specific industries.