OK
Oklahoma House Bill HB3629

Oklahoma 2024 Regular Session

Oklahoma House Bill HB3629

Introduced
2/5/24  

Caption

Motor vehicles; requiring charges be clearly disclosed on same page; limiting dollar amount of certain holds on funds; effective date.

Impact

If enacted, HB3629 would introduce significant changes to the way motor vehicle rental companies conduct business in Oklahoma. It sets a standard for transparency by compelling rental companies to disclose all additional mandatory charges directly in their advertisements. This is expected to enhance consumer trust and satisfaction by minimizing misunderstandings about rental costs. Furthermore, the bill limits the amount rental companies can hold on a consumer's credit or debit card to $150, thus preventing excessive holds that could financially strain customers during their rental period.

Summary

House Bill 3629 proposes amendments to the existing legislation concerning motor vehicle rentals in Oklahoma. The bill mandates that rental companies provide a good-faith estimate encompassing all mandatory charges when advertising a vehicle for rent. This includes requiring that all fees be displayed clearly on the same page of the advertisement, ensuring that potential customers are fully informed of the total financial obligations upfront. Such transparency aims to protect consumers from unexpected charges when they complete their rental agreements.

Contention

There may be points of contention surrounding HB3629 relating to the implications for rental companies and their pricing strategies. Some rental companies might argue that the mandatory disclosure of all charges could reduce their pricing flexibility and competitiveness. Additionally, there could be discussions on whether the set limit on credit holds is sufficient for businesses to cover potential damages or extra fees that may arise during the rental period. Advocates for consumer rights, on the other hand, will likely support the bill as a necessary measure for enhancing consumer protection and ensuring fair business practices.

Companion Bills

No companion bills found.

Previously Filed As

OK SB354

Motor vehicles; requiring motor vehicle rental companies to provide good-faith estimates to customers prior to renting. Effective date.

OK HB2133

Motor vehicles; modifying definitions; limiting allowable power of certain electric motorcycles; effective date.

OK HB1482

Motor vehicles; requiring towing of certain vehicles as one unit; requiring retention of certain vehicles until reimbursement is made; effective date.

OK SB655

Motor vehicles; authorizing certain charge only under certain circumstances. Effective date.

OK HB1927

Liens; motor vehicles; notice of sale; fees for title application; notice; storage charge; effective date.

OK HB2291

Motor vehicles; requiring permit for the movement of certain farm equipment on certain roads and highways; effective date.

OK SB338

Motor vehicles; requiring motor vehicle liability policy to obtain driver license; establishing provisions and penalties. Effective date.

OK SB164

Motor vehicle safety; requiring certain restraint; establishing certain fine and cost. Effective date.

OK HB2348

Motor vehicles; limiting types of roads for certain enforcement; modifying the radius around a weigh station for certain vehicle enforcement; effective date.

OK SB622

Motor vehicles; making Service Oklahoma a separate and distinct agency. Effective date.

Similar Bills

No similar bills found.