Consumer credit; requiring signed disclosure statement before pulling a hard credit report; requiring the Department of Consumer Credit to prescribe form. Effective date.

SB 584 requires businesses to obtain a consumer's written consent before pulling a "hard" credit report for credit or insurance purposes, effective January 1, 2026. It directly affects Oklahoma consumers whose credit scores may be impacted by such reports, such as when applying for loans or insurance. The bill mandates a standardized disclosure form (to be provided by the Department of Consumer Credit) that must include the requester's details, the consumer's signature, and clear explanation of how the report affects their credit score. This ensures consumers are informed before their credit history is accessed for non-employment transactions.