Loading chat...
OK SB817
Bill
AI Summary
-
Amends Oklahoma consumer credit code to allow private educational institutions, municipalities, and certain municipal public trusts to charge convenience fees for credit card and debit card transactions.
-
Limits convenience fees to bank processing fees, financial transaction fees, secure transaction costs, portal fees, and bandwidth costs associated with online transactions.
-
Maintains existing prohibition on surcharges for credit card or debit card payments by general sellers in sales transactions.
-
Declares an emergency, making the act effective immediately upon passage and approval by the Governor.
Legislative Description
Consumer credit code; authorizing municipalities to charge credit card convenience fees. Emergency.
Last Action
Second Reading referred to Rules
3/10/2015