The Oklahoma Fair Renewal Act establishes regulations for automatic renewal contracts, requiring clear and conspicuous disclosures to consumers regarding the terms of such contracts. Key provisions include the necessity for businesses to present automatic renewal offer terms before contract execution, provide written acknowledgment of these terms, and ensure a straightforward cancellation mechanism. The act mandates that consumers receive notifications about any material changes to the contract and outlines the process for cancellation, which must be accessible both online and in-person.
Additionally, the act specifies that certain entities, such as those regulated by the Federal Communications Commission or the Oklahoma Corporation Commission, are exempt from its provisions. Violations of the act are classified as unlawful business practices and are enforceable by the Attorney General and district attorneys. The act is set to take effect on November 1, 2025.