Banks and trusts companies; prohibiting certain institutions from providing certain information to certain agents; establishing penalties. Effective date. Emergency.

SB 791 prohibits Oklahoma banks, credit unions, and financial institutions from sharing details about individual, business, or trust financial accounts with federal agents or agencies upon request. It requires institutions to notify account owners within two business days of such a request, including the date, requester, and other relevant details. Violations carry a $10,000 fine for a first offense, with license revocation for a second offense. The law excludes requests based on warrants, court orders, or written probable cause and takes immediate effect due to an emergency declaration.