Bill No. 351 amends sections of the Oklahoma Statutes related to credit sales, specifically addressing discounts and surcharges for transactions involving credit and debit cards. The bill allows sellers to offer discounts for payments made by cash, check, or similar means without constituting a credit service charge, and it clarifies that sellers can impose a surcharge on customers who choose to pay with an open-end credit card or debit card. The surcharge must be clearly listed as a separate line item on the receipt and cannot exceed the total of various processing fees associated with the transaction. Additionally, the bill modifies definitions related to debit cards and surcharges.

The legislation also updates statutory language and removes certain provisions regarding service fees charged by educational institutions and municipalities. It specifies that sellers must disclose any discounts not in accordance with regulations to the Administrator of Consumer Credit. The effective date for this act is set for November 1, 2025.