Sales transactions; discounts inducing payment by cash, check, or similar means; options; disclosure; surcharges; repealing provision prohibiting surcharge on use of credit and debit card. Effective date.

Added Representative Frix as a co-sponsor to the bill.

Updated the header to reflect the House of Representatives Floor Version instead of the Senate Committee Substitute.

Reformatted the text layout and page numbering to match House floor procedures.

Added a footer note stating that bold face text denotes Committee Amendments.

Expanded the list of payment methods eligible for cash discounts to include debit cards, whereas the previous version only mentioned cash, checks, or similar means.

Added specific provisions for money transmitters registered with the U.S. Treasury, allowing them to charge different prices based on the mode of transmission (e.g., online vs. in-person) without violating the surcharge rules.

Removed the previous limit on the amount of discount a seller could offer, allowing sellers to offer discounts of any size to encourage cash or debit payments.

Updated the definition of 'credit card' to explicitly include debit credit cards, charge cards, and credit plates, ensuring broader coverage under the new rules.

Added a specific definition for 'surcharge' to clarify it is any additional amount charged specifically for using a credit card as payment.

Repealed the previous statute (14A O.S. 2021, Section 2-417) that regulated surcharges for credit or debit card use, replacing it with the new, more detailed framework in this bill.

The entire text of the bill was replaced with a new version containing committee amendment headers, updated metadata (dates and names), and re-numbered pages, but the actual legal language regarding discounts and surcharges is identical to the original.

The effective date for the new surcharge and discount rules was set to November 1, 2025.

The definition of covered transactions was expanded to include lease transactions in addition to sales and services.

A new exemption was created allowing private educational institutions, private schools, municipalities, and public trusts to charge service fees to cover processing costs.

Money transmitters registered with the U.S. Treasury are now exempt from surcharge restrictions if they charge different prices based on the mode of transmission.

The bill was amended to include specific definitions for 'credit card', 'seller', and 'surcharge' to clarify legal requirements.

New requirements mandate that surcharge notices must be posted at the point of entry and sale (or on the website for online sales) and verbally disclosed for phone transactions.

The maximum surcharge limit was set at 2% of the transaction amount or the actual processing cost, whichever is less.

The bill text was updated from 'Engrossed' to 'Enrolled' to reflect its final status after passing both legislative chambers and receiving gubernatorial approval.

Changed the bill's primary focus from repealing a surcharge ban to regulating both cash discounts and credit card surcharges.

Moved the repeal of the old surcharge ban (14A O.S. 2021, Section 2-417) to Section 1 to take effect immediately upon passage.

Added a strict 2% cap on credit card surcharges and required clear notice of these fees at the point of sale.

Added a provision allowing money transmitters to charge different prices based on transmission mode if the credit card price is not higher than other payment methods.

Added new definitions for 'credit card' (broadly including debit cards) and 'surcharge'.

Created exemptions allowing private schools, municipalities, and public trusts to charge service fees limited to actual processing costs.

Changed the effective date from November 1, 2025, to November 1, 2026.

Changed the policy stance from a total ban on credit card surcharges to allowing them up to a 2% limit, while simultaneously removing any cap on discounts offered for cash or check payments.

Specified that surcharge notices must be posted at the point of entry and sale for in-person transactions and on the homepage for online transactions.

Added an exemption allowing private educational institutions, private schools, municipalities, and public trusts to charge service fees limited to actual processing costs.

Added a specific provision clarifying that money transmitters registered with the US Treasury can charge different prices for funds transmission based on the payment method used.

Updated the definition of 'credit card' to include various types of instruments like charge cards and debit credit cards.