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OK HB1260

Bill

Official Source

Status

Introduced

2/3/2025

Primary Sponsor

Neil Hays

Click for details

Origin

House of Representatives

2026 Regular Session

AI Summary

  • Allows sellers in consumer credit transactions to pass on credit card or debit card processing fees or impose surcharges on cardholders who choose to pay by card instead of cash or check
  • Requires any credit or debit card processing fee or surcharge to be listed as a separate line item on the cardholder's receipt
  • Permits private educational institutions, private schools (PreK-12), municipalities, and public trusts with municipal beneficiaries to charge service fees for card transactions to offset processing and related costs
  • Amends 14A O.S. 2021, Sections 2-211 and 2-417 relating to discounts for cash payment and surcharges for card use
  • Effective date: November 1, 2025

Legislative Description

Consumer credit; discounts; cash; check; charges; credit card; debit card; line item; effective date.

Last Action

Referred to Rules

2/5/2025

Committee Referrals

Rules2/5/2025
Banking, Financial Services and Pensions2/4/2025
Government Oversight2/4/2025

Full Bill Text

No bill text available