SB 23-026

Senate Bill 23-026, which has been signed into law, stops banks and other financial institutions in Colorado from refusing services or setting unfair terms for customers based on environmental reasons. This means that a bank can't deny someone a loan just because the person's business is related to something like renewable energy or fossil fuels. The law treats such discrimination as an unfair practice. Since the bill has been signed, it is now enforceable in Colorado and affects all financial institutions operating within the state.

Official Summary

The bill prohibits financial institutions that do business in the state from discriminating against any person based on environmental criteria. A financial institution's violation of this prohibition is an unfair or deceptive trade practice. (Note: This summary applies to this bill as introduced.)