This bill establishes new regulations regarding the reporting of consumer debt related to services rendered at Oklahoma medical facilities. It defines key terms such as "consumer," "creditor," "debt collector," and "consumer reporting agency," and explicitly prohibits creditors and debt collectors from reporting such debts to consumer reporting agencies. Additionally, it bars consumer reporting agencies from including these specific debts on consumer reports.

The bill aims to protect consumers from the negative impacts of having medical debt reported, thereby promoting financial stability for individuals who receive medical services. It is set to take effect on November 1, 2025, and will be codified as Section 181 of Title 24 in the Oklahoma Statutes.