Oklahoma legislation · 2026 Regular Session
Oklahoma HB3172: Financial institutions; creating the Fair Banking Act; prohibiting discrimination in provision of financial services against persons; civil action; effective date.
Status: In committee, April 21, 2026
What the bill says
An Act relating to banking and financial institutions; creating the Fair Banking Act; defining terms; authorizing persons to request a statement of reasons for any adverse action taken against a person by a financial institution; providing for means of transmittal of statement; requiring specificity in statements and reason for adverse action; permitting Equal Credit Opportunity Act adverse action statement to satisfy requirement; prohibiting a financial institution from discriminating in the provision of financial services to a person…
From the engrossed text, March 11, 2026:
An Act relating to banking and financial institutions; creating the Fair Banking Act; defining terms; authorizing persons to request a statement of reasons for any adverse action taken against a person by a financial institution; providing for means of transmittal of statement; requiring specificity in statements and reason for adverse action; permitting Equal Credit Opportunity Act adverse action statement to satisfy requirement; prohibiting a financial institution from discriminating in the provision of financial services to a person; excluding certain conduct by a financial institution if made in good faith and not motivated by desire to discriminate in the provision of covered financial services; making certain violations unlawful under the Oklahoma Consumer Protection Act; creating civil cause of action for certain violations; providing remedies; creating relief for financial institutions for bad faith claims; providing construing provision; providing for noncodification; providing for codification; and providing an effective date. BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA: SECTION 1. NEW LAW A new section of law not to be codified in the Oklahoma Statutes reads as follows: This act shall be known and may be cited as the "Fair Banking Act". ENGR. H. B. NO. 3172 Page SECTION 2. NEW LAW A new section of law to be codified in the Oklahoma Statutes as Section 1530 of Title 6, unless …