This bill introduces new regulations for short-term rental agreements in Oklahoma, defining key terms such as "guest," "owner," "renter," "short-term rental," and "short-term rental platform." It allows property owners to require renters to submit identification for themselves and any guests after the rental agreement is completed, provided that the owner informs the renter of this requirement beforehand. If there is a discrepancy between the renter's information and the identification provided, the owner has the right to cancel the agreement without penalty.

Additionally, the bill mandates that short-term rental platforms operating in Oklahoma must provide options for owners to request identification and to cancel agreements without penalty under the specified conditions. The new law is set to be codified as Section 520 of Title 12 in the Oklahoma Statutes and will take effect on November 1, 2026.