OK SB1497

Amends Oklahoma Consumer Protection Act (15 O.S. 2011, Section 753) to clarify unlawful practices, including conducting closing out sales without proper license and resuming business too soon after closing out sale.

Increases the prohibited timeframe for resuming business after a closing out sale from one (1) year to thirty-six (36) months from the closing out sale license expiration date.

Changes grounds for denying going out of business applications by increasing the lookback period from one year to thirty-six (36) months for applicants who previously received closing out sale licenses.

Amends Oklahoma Health Spa Act (59 O.S. 2011, Section 2004) to add penalty-free cancellation provisions when a health spa changes ownership and relocates without proper notice or written authorization for automatic bank draft collections.

Declares an emergency, making the act effective upon passage and approval.