Effective State Changes

INDIANA

Senate Bill 169 reorganizes and recodifies a large body of existing consumer lending statutes into a newly created Title 37—Consumer Lending—of the Indiana Code. The stated purpose of the bill is structural and organizational and does not make substantive changes to consumer lending requirements. Effective July 1, 2026.

MISSISSIPPI

House Bill 547 authorizes a check cashing business to pass onto a consumer any charges associated with a payment made by credit card or debit card. Effective July 1, 2026.

NEBRASKA

Legislative Bill 717 was introduced at the request of the Nebraska Department of Banking and Finance and amends a number of statutes and harmonizes Nebraska’s financial statutes with federal law. The bill modernizes several financial sectors, includes credit unions under the Nebraska Financial Innovation Act, and updates lending limits by increasing the usury rate exemption cap from $25,000 to $100,000. Effective in part, immediately—February 25, 2026.

Legislative Bill 836 updates the factors the Nebraska Department of Banking and Finance uses to determine annual assessments to be levied upon financial institutions. Effective July 17, 2026.

WYOMING

House Bill 145 amends the annual decal fee for all-electric vehicles from $200 to $100 and imposes an annual decal fee of $50 for plug-in hybrid vehicles. In addition, this act imposes a license tax of $.035 per kilowatt hour on all electric energy sold or dispensed for charging a vehicle using a direct current fast charging station. Effective July 1, 2026.

Senate File 61 creates exemptions from state excise tax for purchases of motor vehicles from, or transfers of motor vehicles to, immediate family members. Effective July 1, 2026.

Effective State Changes

NEW YORK

Senate Bill 8416, the “Fostering Affordability and Integrity Through Reasonable Business Practices Act”, makes it illegal for businesses to engage in any unfair, deceptive, or abusive act or practice while providing services and expands the state attorney general’s authority to enforce those provisions. Effective February 17, 2026.

OHIO

Ohio Admin. Code § 4501:1-6-12 changes the name of the Convenience Fee in Ohio to the Registration and Titling Service Fee. Additionally, motor vehicle dealers will now be able to charge consumers for mailing any registration or title work to their place of residence. Effective March 1, 2026.

UTAH

House Bill 47 requires a vehicle owner to maintain liability insurance on a vehicle if the vehicle is operated on a highway, not merely registered with the State of Utah. Effective May 6, 2026.

2025 Year in Review & Upcoming Changes in 2026

State Updates (2025)

ARKANSAS

• HB 1845 authorizes the Office of Motor Vehicle to establish an electronic lien, title, and registration system. Effective upon certification by the Office.

DELAWARE

• HB 164 institutes an additional registration fee on owners of alternative fuel-type motor vehicles. Effective October 1, 2025.

GEORGIA

• SB 81 provides new protections for consumer data linked to motor vehicle sales or leases. Effective July 1, 2025.

HAWAII

• SB 1367 reorganizes and clarifies a number of provisions of Hawaii’s installment loans law. Effective July 1, 2025.

ILLINOIS

• As published in Company Bulletin 2025-14 by the Illinois Department of Insurance, the updated prima facie credit insurance rates became effective August 21, 2025.

INDIANA

• As published in Bulletin 277 in December 2024, the Indiana Insurance Commissioner adjusted credit insurance rates effective January 1, 2025.
• The Auto Dealer Services Division of the Indiana Secretary of State announced an adjusted maximum Documentation Preparation Fee of $251.05. Effective July 1, 2025.

IOWA

• ARC 8727C is a regulation promulgated by the Revenue Department of Iowa clarifying the one-time fee due for a new registration of a motor vehicle. Effective April 23, 2025.

KENTUCKY

• SB 136 requires the Kentucky Transportation Cabinet to transition to solely store motor vehicle titles electronically. Effective, in part July 1, 2025.
• SB 145 allows the holder of a motor vehicle retail installment contract to collect a delinquency charge in certain circumstances. Effective June 26, 2025.

LOUISIANA

• HB 476 establishes an annual adjustment to the credit investigative fee for motor vehicle purchases. Effective August 1, 2025.
• HB 582 requires the Office of Financial Institutions to annually calculate a new outstanding principal balance allowed for deferred presentment transactions and small loans. Effective August 1, 2025.

MAINE

• The Department of Administrative and Financial Services issued regulations governing the collection and remittance of sales and use taxes on vehicle leases. Effective January 1, 2025.
• LD 68 amends the tax laws by modifying the watercraft sales tax exemption to not apply to the lease or rental of a watercraft to a nonresident. Effective June 19, 2025.

MARYLAND

• The Department of Transportation amended and adopted new regulations requiring owners of a plug-in electric vehicle to pay an annual surcharge. Effective May 26, 2025.

• HB 352 adjusts many of the registration and title fees for vehicles and increases the Motor Vehicle Excise Tax rate for rental and non-rental vehicles. Effective July 1, 2025.
• HB 1464 creates an alternative registration process for rental fleet vehicles. Effective October 1, 2025.

MICHIGAN

• Michigan updated their Documentary Preparation Fee through 2026. The fee cannot exceed the lesser of $280 or 5% of the cash price of the vehicle. Effective January 28, 2025.

MINNESOTA

• HF 14 is the major Transportation Appropriations bill and modifies the surcharge for electric vehicles and plug-in hybrid vehicles. Effective in part on June 14, 2025.

MISSISSIPPI

• SB 2495 updates the Credit Availability Act to raise the maximum allowable outstanding principal balance for credit accounts from $2,500 to $3,250. Effective July 1, 2025.

MISSOURI

• Missouri increased their Administrative Fee for 2025 to $604.47. Effective February 1, 2025.

MONTANA

• HB 99 consolidates the definitions of several different boating vessels and clarifies the temporary registration periods for certain vehicles. Effective October 1, 2025.
• HB 165 removes the need for a notarized affidavit to transfer a vehicle title in Montana. Effective October 1, 2025.

NEBRASKA

• Published in Guidance Document IGD – A2, the Department of Insurance adjusted credit life rates effective from April 1, 2025 through 2027. Effective April 1, 2025.

• LB 97 raises the cost of license plates. Effective April 14, 2025.
• LB 474 combines the Installment Sales Act and the Installment Loan Act and does not change core substantive provisions to either. Effective September 2, 2025.

NEVADA

• AB 296 allows for the adoption of digital license plates and allows lenders to offer installment loans to pay for motor vehicle registration fees and taxes. Effective June 11, 2025.

• SB 194 requires short-term lessors to ensure a minimum level of insurance is in place before leasing a vehicle. Effective October 1, 2025.
• SB 437 allows an internet consumer lender without a physical address within Nevada to apply for a Nevada lending license. Effective October 1, 2025.

NEW HAMPSHIRE

• SB 156 allows the Division of Motor Vehicles to work with a third-party vendor to facilitate the electronic transfer of title applications and information. Effective September 13, 2025.

NEW JERSEY

• SB 3525 allows mortgagors to make biweekly and semi-monthly payments, as well as payments to pay-down a mortgage principal. Effective November 9, 2025.

NEW MEXICO

• As published in Bulletin 2025-002 in May 2025, the New Mexico Insurance Commissioner adjusted the prima facie credit insurance rates effective July 1, 2025.

NEW YORK

• AB 920 adds medical and health insurance information to the definition of personal identifying information for certain statutory categories. Effective February 14, 2025.

• SB 804 amends the law as to when and how data breach notifications must be provided to the Department of Financial Services. Effective February 14, 2025.
• SB 8408 expands the Department of Financial Services’ authority to impose civil penalties on any person or company engaging in regulated financial activities without proper licensing. Effective December 5, 2025.

NORTH DAKOTA

• HB 1127 creates new data security requirements for non-depository financial corporations and clarifies the definition of a “loan”. Effective August 1, 2025.

OKLAHOMA

• The Department of Consumer Credit published adjustments to allowable charges for retail installment contracts and small loans. Effective July 1, 2025.
• SB 377 regulates business activities between equipment suppliers and their dealers. Effective November 1, 2025.

OREGON

• HB 3875 applies the Oregon Consumer Privacy Act to motor vehicle manufacturers and affiliates. Effective September 26, 2025.

PENNSYLVANIA

• The maximum Documentary Preparation Charge for 2025 increased to either $398 or $477, with the larger amount applying to dealers that file electronically. Effective January 1, 2025.

SOUTH DAKOTA

• SB 131 creates a new electronic title and lien system to be administered by the South Dakota Department of Revenue. Effective July 1, 2025.

• SB 135 allows owners of various types of vehicles who do not have a state issued driver’s license to pay a $100 fee to title the vehicle in South Dakota. Effective July 1, 2025.
• SB 179 allows a licensed vehicle dealer to sell or offer to sell an off-road vehicle at an event located outside of their home county. Effective July 1, 2025.

TENNESSEE

• SB 694 modifies the state’s Industrial Loan and Thrift Companies Act rate structure, maximum effective interest rate, and alternatives to loan charges. Effective July 1, 2025.

TEXAS

• The Texas OCCC published dollar brackets and ceilings subject to adjustment for Retail Installment Sales and Consumer Loans. Effective July 1, 2025.
• HB 700 establishes new requirements related to commercial sales-based financing, including specific disclosures that must accompany an offer. Effective September 1, 2025.

UTAH

• HB 272 increases the maximum Gross Vehicle Weight Rating from 12,000 lbs. to 14,000 lbs., for the purposes of registering a vehicle in the state. Effective July 1, 2025.
• SB 27 allows a fleet of personal vehicles to be registered as a fleet and clarifies which registration fees apply to certain vehicles. Effective in part on May 7, 2025.

VIRGINIA

• HB 2659 allows dealers to use separate buyer’s orders forms for leases and sales of motor vehicles. Effective July 1, 2025.

WASHINGTON

• HB 1006 modifies financial responsibility provisions for motor vehicle protection product guarantee providers and service contract providers. Effective July 27, 2025.
• SB 5801 increases fees for titling and registering a vehicle, title filing, and other items. It also creates a new luxury vehicle tax on vehicles exceeding $100,000. Effective July 1, 2025.

WEST VIRGINIA

• HB 3089 mandates financial institutions, vehicle dealers, or anyone recording five or more liens within a year to use the state’s electronic lien and title system. Effective July 1, 2025.

WISCONSIN

• SB 45 is the executive budget act of the 2025 Wisconsin legislature. The bill increases the title fees for motor vehicles in the state. Effective October 1, 2025.

WYOMING

• HB 242 would require vehicle dealers who sell trailers to submit a sales authorization agreement to the state, amongst other provisions. Effective July 1, 2025.
• SF 39 provides for the automatic transfer of a vehicle title upon the death of the owner to a named beneficiary. Effective July 1, 2025.

 

State Updates (2026 & Beyond)

ARIZONA

• The State of Arizona’s Department of Insurance and Financial Institutions published new prima facia credit life insurance and credit disability rates. Effective February 1, 2026.

CALIFORNIA

• AB 483 places new requirements on fixed term installment contracts. Effective August 1, 2026.

• SB 362 amends California’s Commercial Financing Law and prohibits lenders of these financing products to use the terms “rate” or “interest” in a deceptive way. Effective January 1, 2026.

• SB 446 amends provisions of California’s data breach notification laws. Effective January 1, 2026.

• SB 766—The CARS Act—purports to create more transparency during the vehicle purchasing process and establishes new consumer protections. Effective October 1, 2026.
• SB 825 allows the Department of Financial Protection and Innovation to bring deceptive or abusive acts or practices enforcement actions under the Consumer Financial Protection Law. Effective January 1, 2026.

ILLINOIS

• The document preparation fee in the State of Illinois increased from $367.70 to $377.63 in 2026. Effective January 1, 2026.

KANSAS

• HB 2122 increases the annual license fees for electric vehicles and plug-in electric hybrids. Effective January 1, 2026.

LOUISIANA

• The Louisiana credit investigation fee increased from $425 to $436 effective on January 1, 2026.

MAINE

• LD 850 amends current motor vehicle laws and certain title and registration fees in Maine for 2026. Effective January 1, 2026.

MISSISSIPPI

• The Mississippi State Tax Commission finalized regulations (35.VI.1.05) to establish a new exemption for certain ATVs from ad valorem tax. Effective January 1, 2026.

MISSOURI

• Effective February 1, 2026, the Administrative Fee maximum amount is $620.79.

MONTANA

• HB 114 amends the law around the sale of insurance for those seeking a loan or credit. Effective January 1, 2026.

NEW JERSEY

• SB 3309 creates the “Motor Vehicle Open Recall Notice and Fair Compensation Act”. Effective January 1, 2026.

OHIO

• Per Ohio Rev. Code § 4517.261, the Documentary Service Charge is to be annually adjusted and for 2026, a dealer can charge $398. Effective January 1, 2026.
• The Ohio Department of Insurance revised prima facie credit insurance rates for credit life and credit disability. Effective January 1, 2026.

OREGON

• HB 3178 requires dealers to provide a consumer with a disclosure document that includes a right to void a vehicle transaction within ten calendar days. Effective January 1, 2026.
• SB 430 requires that any person who offers or sells goods or services online to display the total cost in any advertisement, display, or offer. Effective January 1, 2026.

PENNSYLVANIA

• The Pennsylvania Documentary Fee for 2026 is either $409 or $490, with the larger amount applying to dealers that file documents electronically. Effective January 1, 2026.

RHODE ISLAND

• SB 229 and companion bill, HB 5042, repeal the provisions in the law allowing deferred deposit lenders and transactions. Effective January 1, 2027.

SOUTH CAROLINA

• The South Carolina Department of Insurance adopted new Prima Facie Credit A&H and Credit Property insurance rates for 2026. Effective January 1, 2026.

UTAH

• HB 514 allows two-year registrations for trailers, off-highway vehicles, street-legal all-terrain vehicles, and electric motor vehicles. Effective January 1, 2026.

WYOMING

• Senate File 25 tasks the Department of Transportation with creating and maintaining an electronic lien and title system for the state of Wyoming. Effective July 1, 2027.

 

Federal Updates (2025)

CONSUMER FINANCIAL PROTECTION BUREAU

• The CFPB increased TILA threshold adjustments for Regulation M and Z from $69,500 to $71,900. Effective January 1, 2025.

• Dollar threshold adjustments were announced for the Ability to Repay/ Qualified Mortgage Rule and HOEPA. Effective January 1, 2025.

 

Federal Updates (2026)

CONSUMER FINANCIAL PROTECTION BUREAU

• The CFPB increased TILA threshold adjustments for Regulation M and Z from $71,900 to $73,400. Effective January 1, 2026.

• Dollar threshold adjustments were announced for the Ability to Repay/ Qualified Mortgage Rule and HOEPA. Effective January 1, 2026.

Effective State Changes

CALIFORNIA

Governor Gavin Newsom signed Senate Bill 825 into law on October 6, 2025. This bill allows the California Department of Financial Protection and Innovation to bring deceptive or abusive acts or practices enforcement actions under the California Consumer Financial Protection Law. Effective January 1, 2026.

ILLINOIS

The document preparation fee in the State of Illinois will increase from $367.70 to $377.63 in 2026. Effective January 1, 2026.

NEW YORK

New York enacted SB 8408, which expands the Department of Financial Services’ (“DFS”) authority to impose civil penalties on any person or company engaging in regulated financial activities without proper licensing. The law applies to all regulated financial activities under the New York Financial Services Law, extends civil penalties to unlicensed entities, and authorizes DFS to impose enhanced penalties when consumer harm occurs and restitution for any unlicensed activity. Effective December 5, 2025.

Effective Federal Changes

CONSUMER FINANCIAL PROTECTION BUREAU

Specific dollar threshold adjustments were announced by the Consumer Financial Protection Bureau (“CFPB”). The CFPB is required to make adjustments to dollar thresholds effective January 1 each year based on any annual percentage increase in the Consumer Price Index as of June 1 of the preceding year.

Updates to the Home Ownership and Equity Protection Act (“HOEPA”) and Ability to Repay/Qualified Mortgage Rule (“ATR/QM”), among others, were announced and become effective January 1, 2026.

HOEPA Annual Threshold Adjustments:

• The adjusted total amount of the loan threshold will be $27,592, up from $26,968

• The adjusted points-and-fees dollar trigger will be $1,380, up from $1,348

ATR/QM Threshold Adjustments: To meet qualified mortgage criteria, the combined points and fees cannot exceed the following:

• 8% of total loan amount for loans less than $17,245

• $1,380 for loans greater than or equal to $17,245 but less than $27,592

• 5% of total loan amount for loans greater than or equal to $27,592 but less than $82,775

• $4,139 for loans greater than or equal to $82,775 but less than $137,958

• 3% of total loan amount for loans greater than or equal to $137,958

CFPB ANNUAL REGULATION M & Z ADJUSTMENTS

The Consumer Financial Protection Bureau published its annual Truth in Lending Act threshold adjustment, as required by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. For 2026, the exemption threshold amount for Regulation M and Z will increase from $71,900 to $73,400. Effective January 1, 2026.

Reminders

MAINE

Maine added a $1 fee for electronic lien titling transactions and raised the temporary plate fee to $2. Effective January 1, 2026.

OHIO

The Documentary Service charge increases to $398.00. Effective January 1, 2026.

The Prima Facie Credit Insurance rates have been adjusted. Effective January 1, 2026.

SOUTH CAROLINA

The Prima Facie Credit Insurance rates were released on October 1, 2025. Effective January 1, 2026.

Effective State Changes

OHIO

The Ohio Department of Insurance has issued a memorandum revising prima facie credit insurance rates effective January 1, 2026. Credit Life rates will increase for 12 months at $0.715 per $1000 per month. Credit Disability rates will decrease for 2026 to $0.91 per $100 for the 14-day retroactive plan.

Credit Life Premium Rates
Single Decreasing Life Coverage	$0.46/$100/ @ 12 Months
Joint Decreasing Life Coverage	$0.81/$100/ @ 12 Months

Joint life rates are 175% of corresponding single life rates.

 

Credit Disability Rates
14-Day Retroactive	$0.91 per month per $100 of coverage @ 12 Months
14-Day Elimination	$0.79 per month per $100 of coverage @ 12 Months
30-Day Retroactive	$0.68 per month per $100 of coverage @ 12 Months
30-Day Elimination	$0.48 per month per $100 of coverage @ 12 Months

Effective January 1, 2026.

Effective State Changes

CALIFORNIA

Assembly Bill 483 was signed into law by Governor Gavin Newsom on October 10, 2025. This bill places new requirements on fixed term installment contracts. AB 483 prohibits an early termination fee unless, at the time of origination, the contract fully explains the total cost of the fee or how the fee would be calculated when the contract is terminated and the highest possible early termination fee that could be charged. Additionally, the bill prohibits an early termination fee or any similar fee that is greater than 30% of the total cost of the contract. Effective August 1, 2026.

Senate Bill 362 amends California’s Commercial Financing Law. The law prohibits lenders of commercial financing products to use the terms “rate” or “interest” in a deceptive way and requires they also disclose the Annual Percentage Rate (APR). A violation of this law would be considered an unfair, deceptive, or abusive act or practice under the California Consumer Financial Protection Law. Effective January 1, 2026.

Senate Bill 446 was signed into law amending provisions of California’s data breach notification laws. This bill requires a qualifying individual or business to disclose within 30 calendar days if a California resident’s personal information is, or was reasonably believed to have been, accessed by an unauthorized individual in a security breach. Disclosure may be delayed to accommodate law enforcement or to restore the integrity of the data system. If more than 500 California residents are affected in the breach, that notification must also be sent to the Attorney General within 15 calendar days of consumer notification. Effective January 1, 2026.

Governor Newsom signed Senate Bill 766—The California Combating Auto Retail Scams (CARS) Act—into law on October 6, 2025. Based on the FTC’s CARS Rule, the new law purports to create more transparency during the vehicle purchasing process and establishes new consumer protections. The CARS Act applies to licensed California motor vehicle dealers and others that satisfy the definition of a “dealer” under the California Vehicle Code. The bill specifically prevents dealers from tacking on add-on services and other features from which the buyer or lessee would not benefit. Amongst other provisions, it requires clear disclosures of a vehicle’s price in advertisements, written communications, and other communications during negotiations with a possible consumer. Finally, the Act provides buyers and lessees a new 3-day right to cancel their purchase or lease of a used vehicle having a retail price equal to or less than $50,000. Effective October 1, 2026.

MAINE

The Maine Department of Administrative and Financial Services has issued new regulations governing the collection and remittance of sales and use taxes on vehicle leases and rentals. These rules, which clarify how taxes should be calculated and who is responsible for payment, apply to leases and rentals of tangible personal property. Effective January 1, 2025.

OHIO

Per Ohio Rev. Code § 4517.261, the Documentary Service Charge is to be annually adjusted using the most recent consumer price index—for 2026, a dealer can charge $398.00. Effective January 1, 2026.

SOUTH CAROLINA

On October 1, 2025, the South Carolina Department of Insurance adopted Orders 2025-003, 2025-004, and 2025-005 confirming Prima Facie Credit A&H and Credit Property insurance rates for 2026.

Under Order 2025-003, the Credit A&H rates for insurance sold in conjunction with consumer credit transactions in 2026 will decrease from the rates in 2025. The 12-month rate per $100 of Initial Insured Indebtedness will be as follows:

• 14-day Retro: $0.89
• 30-day Retro: $0.84

Under Order 2025-004, the 3-day retroactive A&H rate for insurance sold in conjunction with loans will decrease to $0.17 per $5.00 of monthly indemnity.

Under Order 2025-005, credit property rates have decreased for Automobile Fire and Theft, Automobile Collision, and Household Goods – Dual Interest. The rate for Household Goods – Single Interest remains the same. Effective January 1, 2026.

Effective State Changes

ARIZONA

The State of Arizona’s Department of Insurance and Financial Institutions published on July 31, 2025, matters in regard to new prima facia credit life insurance and credit disability rates.

Credit disability rates are changing as follows:

For Class 1 – Credit Unions – Rates Per $100 Per Annum

14 Retro:	$1.33
14 Elim:	$1.14
30 Retro:	$1.22
30 Elim:	$0.84

For Class 2 – Banks, Savings and Loans Institutions and Mortgage Companies – Rates Per $100 Per Annum

14 Retro:	$0.80
14 Elim:	$0.69
30 Retro:	$0.74
30 Elim:	$0.51

For Class 3 – Finance Companies, Small Loan Companies, and A.R.S. 6-601(5) Consumer Lenders – Rates Per $100 Per Annum

14 Retro:	$0.94
14 Elim:	$0.81
30 Retro:	$0.87
30 Elim:	$0.60

For Class 4 – Dealers, Including Auto, Truck, and Boat Dealers, Retail Stores and other persons selling financed goods – Rates Per $100 Per Annum

14 Retro:	$0.34
14 Elim:	$0.29
30 Retro:	$0.31
30 Elim:	$0.21

For Class 5 – All other persons selling credit insurance not specifically listed in the above classes – Rates Per $100 Per Annum

14 Retro:	$0.80
14 Elim:	$0.69
30 Retro:	$0.74
30 Elim:	$0.51

 

Credit life rates are changing as follows:

• Monthly Outstanding Balance:
  • Single Life: $0.84 per month per $1,000 of outstanding insured debt
  • Joint Lives: $1.39 per month per $1,000 of outstanding insured debt
• Single Premium:
  • Single Life
    • Decreasing Term Life: $0.36 per year per $1000 indebtedness
    • Level Term Life: $0.83 per year per $1000 original indebtedness
  • Joint
    • 1.65 times (or 165%) of the single life rate

Effective February 1, 2026.

MISSISSIPPI

Pursuant to SB 2803, the Mississippi State Tax Commission finalized regulations (35.VI.1.05) to establish a new exemption for ATVs from ad valorem tax when held by a retailer on a consignment or floor plan basis. An ATV is defined as a motor vehicle that is designed for off-road use and is not required to have a motor vehicle road or bridge privilege license. The ATV designation includes utility task vehicles, also known as side-by-sides, but does not include electric bicycles. Effective January 1, 2026.

NEW HAMPSHIRE

SB 156 allows the Division of Motor Vehicles to contract with a third-party vendor to facilitate the secure electronic transfer of title applications and information. Effective September 13, 2025.

NEW JERSEY

SB 3309 creates the “Motor Vehicle Open Recall Notice and Fair Compensation Act” which changes a franchisor’s compensation for work done by motor vehicle franchisee dealers related to a warranty or manufacturer recall. Effective January 1, 2026.

Effective State Changes

DELAWARE

HB 164 institutes an additional registration fee on owners of electric motor vehicles, plug-in electric motor vehicles, non-plug-in electric motor vehicles, and alternative-fuel motor vehicles. Additionally, the bill increases the document fee from 4.25% to 5.25% of the motor vehicle purchase price. Effective October 1, 2025.

ILLINOIS

As published in Company Bulletin 2025-14 by the Illinois Department of Insurance the updated prima facie credit insurance rates will become effective August 21, 2025.

Credit life prima facie rates are decreasing, as follows:

• Monthly Outstanding Balance: $0.70 per month per $1,000 of outstanding insured debt on single life
• Single Premium Decreasing Term Life: $0.46 per year per $100 indebtedness
• Level Term Life: $0.92 per year per $100 original indebtedness

Joint credit life rate shall be 1.67 times the appropriate single life rate.

Rule effective May 22, 2025; New rate filing effective August 20, 2025.

INDIANA

On July 1, 2025, the Auto Dealer Services Division of the Indiana Secretary of State announced an adjusted maximum Documentation Preparation Fee of $251.05—raising it from $245.28. Effective July 1, 2025.

LOUISIANA

Beginning January 1, 2026, HB 476 establishes an annual adjustment to the credit investigative fee for motor vehicle purchases, calculated as the lesser of the cumulative percentage change in the Consumer Price Index for All Urban Consumers (CPI-U) over the previous year or a 3% growth rate. Effective August 1, 2025.

HB 582 requires the Office of Financial Institutions to calculate a new outstanding principal balance allowed for deferred presentment transactions and small loans on or before September 1 each year, based on the change in the CPI-U for the previous calendar year. Effective August 1, 2025.

RHODE ISLAND

SB 229 and companion bill, HB 5042, repeal the provisions in the law allowing deferred deposit lenders and transactions. Effective January 1, 2027.

TEXAS

HB 700 establishes various requirements related to commercial sales-based financing, including specific financial disclosures that must accompany an offer of commercial sales-based financing of less than $1 million and the registration of commercial sales-based financing providers and brokers with the Office of Consumer Credit Commission. Effective September 1, 2025.

WISCONSIN

SB 45 is the executive budget act of the 2025 Wisconsin legislature. The bill increases the title fee for motor vehicles in the state. Title fee increase effective October 1, 2025.

Effective State Changes

GEORGIA

SB 81 provides new protections for consumer data linked to motor vehicle sales or leases. In addition, the law creates new standards for the use of motor vehicle dealer data collected by third parties or maintained by dealers. Effective July 1, 2025.

HAWAII

SB 1367 reorganizes and clarifies a number of provisions of Hawaii’s installment loans law. The law requires the daily proration of maintenance fees for any fraction of a month, allows lenders to charge a $1 convenience fee for accepting debit card payments, and removes the requirement that a lender must wait three days after full repayment to open a new installment loan with the same consumer—amongst other provisions. Effective July 1, 2025.

MAINE

LD 68 amends Maine’s tax laws by modifying the watercraft sales tax exemption to not apply to the lease or rental of a watercraft to a nonresident, clarifying the definition of motor vehicle “sales sourced to tribal land”, and specifying the type of property subject to casual rental taxation—amongst other provisions. Effective 90 days after adjournment.

LD 850 amends current motor vehicle laws in Maine. The bill adds a $1 fee for electronic lien titling transactions, raises the temporary plate fee from $1 to $2, and allows the Secretary of State to adopt new rules in regards to an electronic temporary registration plate program. Effective January 1, 2026.

MARYLAND

HB 352 adjusts many of the registration and title fees for vehicles, increases the Motor Vehicle Excise Tax rate for rental and non-rental vehicles, and clarifies the process around vehicle registration renewals. Effective July 1, 2025.

MINNESOTA

HF 14 is the State of Minnesota’s Transportation Appropriations bill for fiscal years 2026-2027. Amongst a host of other provisions, this bill allows motor vehicle dealers licensed under contiguous states to be a Minnesota licensed dealer for certain activities. In addition, the bill modifies the surcharge for electric vehicles and establishes a surcharge for plug-in hybrid vehicles to both be based on vehicle price and age with base minimum fees. Effective dates begin immediately for certain provisions, while others are effective October 1, 2025, or January 1, 2026.

NEBRASKA

LB 474 combines Nebraska’s Installment Sales Act and its Installment Loan Act. The new law—the Nebraska Installment Loan and Sales Act—does not change core substantive provisions applicable to retail installment sales or loans. Effective three calendar months after adjournment.

NEVADA

Signed into law on June 11, 2025, AB 296 concerns itself with two items: the adoption of digital license plates and the Department of Motor Vehicles’ implementation of this policy, and the use of lenders to offer installment loans to vehicle owners to pay for motor vehicle registration fees and taxes through a Department-affiliated website. Such lenders are not allowed to charge more than fifteen percent of the amount financed and the amount financed must be $250 or more. Effective immediately.

SB 437 allows an internet consumer lender without a physical address within Nevada to apply for a Nevada lending license. Additionally, the bill requires internet consumer lenders to apply Nevada law to Nevadan borrowers and resolve any dispute in state. Effective October 1, 2025.

OREGON

HB 3875 will now apply the Oregon Consumer Privacy Act to motor vehicle manufacturers and affiliates. This bill applies the Privacy Act to any party that controls or processes personal data from a consumer’s use of a motor vehicle or motor vehicle component. Effective on the 91st day following adjournment sine die.

SB 430 requires that any person who offers or sells goods or services online to display the total cost in any advertisement, display, or offer, except for any governmental taxes or fees, shipping costs, or service fee. Effective January 1, 2026.

WASHINGTON

SB 5801 is a lengthy Transportation Bill which was signed into law on May 5, 2025. The bill increases fees in a number of categories, including titling and registering a vehicle, title filing, and replacement tires. In addition, the bill increases the motor vehicles sales and use tax, the rental car tax, and creates a new luxury vehicle tax on certain vehicles exceeding $100,000. Effective July 1, 2025, in part.

CORRECTION

TEXAS

Alternate Consumer Loans Subchapter F – §§342.251 – 342.252

Loan Amount	Acquisition Charge plus Installment Acct Handling Charge
Under $30:	12.5% cash advance
From $30 up to $35:	12.5% cash advance plus $3 per month
From $35.01 up to $70:	12.5% cash advance plus $3.50 per month
From $70.01 up to $100:	12.5% cash advance plus $4 per month
From $100.01 up to $900:	12.5% cash advance, up to $125 plus $4 per month for each $100
From $900.01 up to $1,800:	12.5% cash advance, up to $125 plus $4 per month for each $100

Effective July 1, 2025.

Effective State Changes

ARKANSAS

HB 1845 authorizes the Arkansas Department of Finance and Administration to work in coordination with the Office of Motor Vehicle to establish an electronic lien, title, and registration system. Effective upon certification of the electronic system by the Office of Motor Vehicle.

FLORIDA

The Florida Department of Financial Services has amended three rules regarding Deferred Presentment transaction repayments (69V-560.903, 69V-560.905, and 69V-560.908), specifically to allow payments made by debit cards and prohibit payments using credit cards. Effective May 21, 2025.

INDIANA

HB 1382 provides that if certain persons engage in the buying, selling, or trading of a motor vehicle on a Sunday, it is considered a Class B misdemeanor, amongst other provisions. Effective July 1, 2025.

SB 73 amends definitions governing unfair practices and succession eligibility for franchise dealers’ family members. Additionally, the bill changes certain requirements for dealers who only sell trailers. Effective July 1, 2025.

MARYLAND

The Maryland Department of Transportation amended and adopted new regulations requiring owners of an eligible plug-in electric vehicle to pay an annual surcharge in addition to a registration fee. COMAR 11.15.40.05.B.  makes that surcharge subject to annual adjustment using the Consumer Price Index – Urban, rounded to the nearest whole dollar. Effective May 26, 2025.

HB 1046 prohibits a mechanical repair contract from implementing terms that preclude coverage if a technical service bulletin has announced a motor vehicle issue. The bill also prohibits the denial of a service claim for such an issue. Effective October 1, 2025.

HB 1464 creates an alternative registration process for rental fleet vehicles and mandates a distinctive registration plate and a one-time fee for vehicles registered through this alternative process. Effective October 1, 2025.

MONTANA

Governor Gianforte signed HB 114 on May 1, 2025. The bill amends the law to allow a person or depository institution to inform consumers that insurance is required to obtain a loan or credit, that approval for such a loan or credit is contingent on having acceptable insurance, and that the person or depository institution has insurance available for such a transaction. Effective January 1, 2026.

SB 341 changes the definition of motor vehicle to include recreational vehicles and allows dealers selling recreational vehicles, boats, or powersport vehicles to advertise and sell such vehicles outside of the county of the primary place of business. Effective October 1, 2025.

NEBRASKA

Following trends seen around the country, LB 667 is Nebraska’s attempt to reform the compensation franchisors pay new motor vehicle dealers for diagnostic work performed and parts supplied during warranty repairs. Effective September 9, 2025.

NEW JERSEY

SB 3525 will now allow mortgagors to make biweekly and semi-monthly payments, as well as payments to pay-down a mortgage principal without a penalty. Effective six months following enactment.

NEW MEXICO

As published in Bulletin 2025-002 in May 2025, the New Mexico Insurance Commissioner adjusted the prima facie credit insurance rates effective July 1, 2025.

Credit life prima facie rates will stay the same:

• Monthly outstanding balance (rates per $1,000 per month):
  • Single Decreasing Life: $0.39
  • Joint Decreasing Life: $0.57
• Single Premium (rates per $100 per annum):
  • Single Decreasing Life: $0.25
  • Joint Decreasing Life: $0.36
  • Single Level Life: $0.45
  • Joint Level Life: $0.67

The A&H rates will decrease. The 12-month rate per $100 of Initial Insured Indebtedness will be as follows:

• 14 Retro:   $0.63
• 14 Elim:     $0.52
• 30 Retro:  $0.50
• 30 Elim:    $0.40

Effective July 1, 2025.

OKLAHOMA

Governor Kevin Stitt signed SB 377 into law on April 28, 2025. The bill regulates business activities between equipment suppliers and their dealers. Amongst other prohibitions, suppliers are prevented from requiring dealers to only sell certain brands or have separate facilities for different brands. Effective November 1, 2025.

OREGON

Another bill following trends seen around the country, HB 2127 seeks to establish clearer rules regarding acceptable business practices between motor vehicle manufacturers, their affiliates, and vehicle dealers. These new requirements run the gamut from compensation for warranty work performed by vehicle dealers, to proper allocation of new vehicles for sale, to construction of dealership infrastructure. Effective January 1, 2026.

HB 3178 requires a dealer in a motor vehicle transaction involving a retail or lease agreement to provide a consumer with a disclosure document that includes a right to void the transaction within ten calendar days. Additionally, this bill requires the Attorney General to provide a model contract form with translations in five different languages. Finally, this bill details specific actions a dealer must take in order to void a transaction. Effective January 1, 2026.

VIRGINIA

SB 1212 and identical bill HB 2515 prohibit a supplier from advertising or displaying a price for goods or services without clearly and conspicuously displaying the total price, including all mandatory fees or surcharges. However, an exemption exists for fees relating to the purchase or lease of a motor vehicle. Effective July 1, 2025.

WASHINGTON

HB 1006 modifies financial responsibility provisions for motor vehicle protection product guarantee providers and service contract providers and requires reimbursement insurance policies used by these providers to pay or provide services to consumers directly within 30 days in the instance of nonperformance. Effective July 27, 2025.

WEST VIRGINIA

HB 3089 mandates all financial institutions, vehicle dealers, or anyone recording five or more liens within a calendar year to use the state’s electronic lien and title system. Additionally, no paper title will be issued to a lienholder after the full adoption of the electronic system. Effective July 1, 2025.

Reminders

MINNESOTA

Passed in 2023, HF 2887 increases the maximum Documentary fee to the lesser of $350 or an amount equal to ten percent of the value of the sale or lease. Effective July 1, 2025.

MISSISSIPPI

Mississippi Senate Bill 2495 updates the Mississippi Credit Availability Act. Effective July 1, 2025.

OKLAHOMA

The Department of Consumer Credit published the changes in dollar brackets for Retail Installment Sales and Consumer Loans. Effective July 1, 2025.

TENNESSEE

SB 694 impacts the state’s Industrial Loan and Thrift Companies Act’s rate structure. Effective July 1, 2025.

TEXAS

The Texas Office of Consumer Credit Commissioner published dollar amount brackets and ceilings subject to adjustment in the Texas Financial Code for Retail Installment Sales and Consumer Loans. Effective July 1, 2025.