The Oklahoma Fair Renewal Act establishes regulations for automatic renewal contracts, requiring that the terms of such contracts be presented to consumers in a clear and conspicuous manner. Key provisions include the necessity for written acknowledgment of the contract terms, a straightforward mechanism for canceling the contract, and notifications regarding any material changes or renewals. The act defines important terms such as "automatic renewal contract," "consumer," and "trial period offer," and mandates that consumers receive clear disclosures about cancellation policies and any recurring charges associated with the contract.

Additionally, the act outlines exceptions for certain entities, including those regulated by various state and federal commissions, banks, credit unions, and air carriers. Enforcement of the act is designated to the Attorney General and district attorneys, ensuring compliance with the new regulations. The act is set to take effect on November 1, 2025.