OK SB369

Authorizes agents acting on behalf of principals to surcharge credit card processing fees when money is advanced or paid by credit card and deposited in a lawful trust, escrow, or holding account.

Limits credit card surcharges to the actual bank processing fee amount with no markup allowed.

Requires full disclosure of all surcharges and amounts as part of the service agreement with the principal.

Restricts surcharge authorization to exempt activities under Section 1706 of Title 6 of the Oklahoma Statutes that do not require a charter, license, or trust registration.

Effective date of November 1, 2015.