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OK SB351
Bill
AI Summary
- Sellers may pass on credit card or debit card processing fees as a surcharge to cardholders who choose to pay with cards instead of cash, check, or similar means
- Surcharges must be listed as a separate line item on the cardholder's receipt
- Surcharges cannot exceed the total of bank processing fees, financial transaction fees, secure transaction costs, portal fees, and bandwidth fees incurred from the transaction
- Removes previous provisions that allowed private educational institutions, private schools, municipalities, and public trusts to charge service fees for card transactions
- Effective date is November 1, 2025
Legislative Description
Credit sales; requiring certain actions from sellers when imposing a surcharge on certain transactions. Effective date.
Last Action
Coauthored by Representative(s) Hays
4/24/2025
Committee Referrals
Business4/1/2025
Commerce and Economic Development Oversight4/1/2025
Business and Insurance2/4/2025
Full Bill Text
No bill text available