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, and clarifies that these discounts do not constitute a credit service charge if they are made available to all prospective buyers. Additionally, it permits sellers to impose a surcharge on customers who choose to pay with an open-end credit card or debit card, provided that the surcharge is clearly listed as a separate line item on the receipt and does not exceed the total of the associated processing fees.

The bill also updates definitions related to debit cards and surcharges, removing outdated references to the Administrator of Consumer Affairs and the U.S. Treasury Department. It establishes that sellers must disclose any discounts not in accordance with regulations and outlines the conditions under which surcharges can be applied. The effective date for these changes is set for November 1, 2025.