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

HB 1260 prohibits merchants from adding surcharges or passing on processing fees for credit or debit card payments, requiring them to instead offer discounts for cash or check payments. It mandates that any fee charged for card use must appear as a separate line item on receipts. The bill allows exceptions for private schools, municipalities, and public trusts to charge limited fees covering actual processing costs, but only for online or in-person transactions. These provisions apply to all Oklahoma businesses selling consumer credit, with the law taking effect November 1, 2025.