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OK SB817

Bill

Status

Engrossed

2/26/2015

Primary Sponsor

Jon Echols

Click for details

Origin

Senate

2015 Regular Session

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

Committee Referrals

Rules3/10/2015
General Government2/4/2015

Full Bill Text

No bill text available