Okla. Stat. tit. 14A, § 14A-3-508C: Electronic payment processing convenience fee

A. In addition to the loan finance charges permitted by

Sections 3-508A and 3-508B of Title 14A of the Oklahoma Statutes, a

lender may contract for and receive a convenience fee from any

borrower making his or her payment by debit card, electronic funds

transfer, electronic check or other electronic means in order to

offset the costs incurred by a lender for accepting and processing

payments by electronic means.

B. Any convenience fee imposed and collected by a lender

pursuant to this section shall not exceed the actual cost or four

percent (4%) of the electronic payment transaction, whichever is

less.

C. Any lender charging a convenience fee pursuant to this

section shall notify the customer of the amount of the fee prior to

completing an electronic payment transaction, and shall provide the

customer an opportunity to cancel the transaction without incurring

a fee. A lender shall make available the option to make payments on

a loan by check, cash or money order directly to the lender without

the imposition of a convenience fee or by various types of

electronic payment transactions with any convenience fee fully

disclosed either in the loan contract or at the time of the

transaction.

D. When a borrower elects to make a payment to the lender by

debit card, electronic funds transfer, electronic check or other

electronic means and a convenience fee is imposed and collected

pursuant to this section, the payment of the convenience fee shall

not be refundable.

E. For purposes of this section, "actual costs" means actual

third-party costs incurred for the processing of payments made by

electronic means. If the lender is a subsidiary of an entity that

processes payments made by electronic means, the parent entity shall

be considered a third party.