Credit sales; prohibiting seller from imposing certain surcharge. Effective date.
Summary
SB1674 creates a new section of Oklahoma law governing certain electronic funds transmission sellers and their dealings with firearm entities. The bill defines “firearm entity” by reference to existing state law, defines “seller” as a money transmitter providing electronic funds transfer services, and defines “surcharge” by reference to the Oklahoma Uniform Consumer Credit Code. It then prohibits a covered seller from imposing a surcharge on, or denying usage to, any consumer who does business with a firearm entity.
In practical terms, the measure is aimed at preventing payment processors or similar money transmission services from penalizing transactions connected to firearm-related businesses. The bill is scheduled to take effect November 1, 2026, and would be codified in Title 14A of the Oklahoma Statutes if enacted.
Impact
If enacted, SB1674 would add a new restriction to Oklahoma consumer credit and payment-processing law by barring certain money transmitters from adding fees or refusing service based on a consumer’s business with a firearm entity. It would affect electronic funds transfer providers, payment intermediaries, and consumers transacting with firearm-related businesses, while tying the definition of firearm entity to existing firearms statutes in Title 21 and surcharge to existing credit-sales law in Title 14A.
Sentiment
The available legislative record shows limited public debate, with no committee transcript or recorded votes included. Based on the bill’s text and caption, the measure appears to reflect support for firearm-related businesses and opposition to perceived financial discrimination against them. The bill’s referral to the Business and Insurance committee suggests it is being considered as a consumer/payment-services regulation rather than a firearms regulation per se.
Contention
The main point of contention is likely whether the state should restrict payment processors and money transmitters from imposing transaction-related surcharges or service denials when a consumer does business with a firearm entity. Supporters would likely frame the bill as preventing discrimination against lawful firearm commerce, while opponents may argue it interferes with private business risk management, payment-network policies, or the ability of financial service providers to choose which transactions they will process. No specific committee objections or recorded vote splits are available in the provided materials.
Sales transactions; discounts inducing payment by cash, check, or similar means; options; disclosure; surcharges; repealing provision prohibiting surcharge on use of credit and debit card. Effective date.