summary
Introduced
03/06/2025
03/06/2025
In Committee
03/06/2025
03/06/2025
Crossed Over
Passed
Dead
Introduced Session
2025-2026 Regular Session
Bill Summary
Amending the act of December 16, 1992 (P.L.1144, No.150), entitled "An act regulating credit services; prohibiting certain activities; providing for certain information to be given to buyers, for the contents of contracts and for enforcement; prohibiting advance fees by loan brokers; and providing penalties," further providing for prohibited activities.
AI Summary
This bill amends the Credit Services Act to prohibit credit services organizations from discriminating against individuals based on sexual orientation, gender identity, or gender expression. Specifically, the bill makes it illegal for credit services organizations to deny credit, increase charges or fees, require different collateral, restrict credit amount or use, or impose different terms based on these protected characteristics. The bill clarifies that credit services organizations can still consider a buyer's credit history and apply community property laws when making credit decisions. The new provisions protect individuals from potential discrimination in accessing credit by ensuring that sexual orientation, gender identity, and gender expression cannot be used as grounds for unfavorable credit treatment. The bill will take effect 60 days after its enactment, providing credit services organizations time to adjust their practices to comply with the new anti-discrimination requirements.
Committee Categories
Business and Industry
Sponsors (13)
Lisa Boscola (D)*,
Maria Collett (D),
Carolyn Comitta (D),
Jay Costa (D),
Wayne Fontana (D),
Art Haywood (D),
John Kane (D),
Tim Kearney (D),
Steve Santarsiero (D),
Nikil Saval (D),
Judy Schwank (D),
Sharif Street (D),
Tina Tartaglione (D),
Last Action
Referred to Banking & Insurance (on 03/06/2025)
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