The bill amends existing Oklahoma law regarding credit sales, specifically addressing discounts and surcharges related to payment methods. It prohibits sellers from imposing a surcharge on customers who choose to pay with credit or debit cards instead of cash or checks. The bill clarifies that discounts offered for cash or check payments do not constitute a credit service charge, provided they are made available to all prospective buyers in a clear manner. Additionally, it defines key terms such as "debit card" and "surcharge," and allows certain educational institutions and municipalities to charge service fees to cover specific transaction-related costs.

The amendments also update statutory language, replacing "Affairs" with "Credit" in the context of the Administrator of Consumer Credit, and changing "may" to "shall" in several instances to emphasize the obligations of sellers. The bill specifies that sellers registered as money transmitters can charge different prices based on the mode of transmission used, as long as the price for card payments does not exceed that for cash payments. The effective date for these changes is set for November 1, 2025.