Bill > HB1851

This bill, known as the Oklahoma Fair Renewal Act, aims to protect consumers by establishing new rules for contracts that automatically renew, referred to as "automatic renewal contracts." These contracts are defined as agreements that automatically extend for a new period unless canceled. The Act mandates that businesses must clearly and conspicuously present the terms of these automatic renewal offers, including details about recurring charges, the length of the renewal term, and any minimum purchase obligations, before a consumer agrees to the contract. If an offer includes a free trial, businesses must also clearly explain the price and any further obligations after the trial ends. Businesses are prohibited from using online links to hide these terms and must provide consumers with a written acknowledgment of the offer terms and cancellation policy that they can keep. Crucially, businesses must provide an easy and accessible way for consumers to cancel these contracts, such as a direct online cancellation link or an in-person option where services are regularly used. The Act also requires businesses to notify consumers of any significant changes to their automatic renewal contract terms and to send a reminder notice between 15 and 45 days before the contract renews, detailing how to cancel. Several exceptions are outlined, exempting certain regulated industries like utilities, insurance companies, banks, and airlines from these requirements. Violations of this Act will be considered unlawful business practices and will be enforced by the Attorney General and district attorneys. The Act will become effective on April 1, 2027.