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OK SB2132
Bill
Status
Engrossed
2/19/2026
Primary Sponsor
Spencer Kern
Click for details
AI Summary
- Increases the maximum credit card surcharge that sellers may impose from 2% to 3% of the total transaction, or the actual processing cost, whichever is less
- Sellers must post clear notice of surcharge amounts at store entrances, points of sale, and on websites for online transactions, with verbal disclosure required for phone transactions
- Cash discounts offered to encourage non-credit card payment have no limit and do not constitute a credit service charge if properly disclosed
- Private educational institutions, municipalities, and public trusts may charge service fees limited to actual bank processing, secure transaction, portal, and bandwidth costs
- Effective date: November 1, 2026
Legislative Description
Credit cards; increasing surcharge limit. Effective date.
Last Action
First Reading
2/19/2026
Committee Referrals
Business and Insurance2/3/2026
Full Bill Text
No bill text available