The Oklahoma Fair Renewal Act establishes regulations for automatic renewal contracts, requiring clear and conspicuous disclosures regarding the terms of such contracts before they are executed. Key provisions include the necessity for written acknowledgment of the contract terms, cancellation policies, and mechanisms for consumers to easily cancel their contracts. The bill mandates that any material changes to the contract terms must be communicated to the consumer, along with information on how to cancel the contract. Additionally, it specifies that notifications regarding automatic renewals must be sent to consumers within a defined timeframe prior to renewal.

The Act outlines exceptions for certain entities, such as those regulated by the Federal Communications Commission and financial institutions, which are not subject to these requirements. Violations of the Act are classified as unlawful business practices and are enforceable by the Attorney General and district attorneys. The bill is set to take effect on November 1, 2025.