Effective State Changes
ALABAMA
Following trends seen around the country, HB 351 creates the Alabama Personal Data Protection Act which establishes consumer rights regarding personal data use. Businesses would be subject to the law if they meet certain thresholds and would be required to allow consumers to access, request removal of, or opt out of certain uses of their personal data. Effective May 1, 2027.
GEORGIA
SB 384 allows owners of certain vehicles an optional five-year registration period instead of annual renewal. It also establishes new fees and other requirements for selecting the five-year registration option. Effective July 1, 2027.
IOWA
Iowa Governor Kim Reynolds signed identical bills HF 2329 and SF 2216 into law on May 2, 2026. These bills replace the tiered structure of Iowa’s Regulated Loan Act with a 3% per month (36% annual) interest rate for all loans under $30,000. In addition, the service charge for these loans has been updated to be the lesser of either 3% of the amount financed or $100. Effective July 1, 2026.
HF 2485 updates the motor vehicle dealer laws in the state of Iowa. This bill allows electronic signatures for odometer disclosures, amends dealer record storage requirements, and updates remote seller rules. Effective July 1, 2026.
MARYLAND
SB 582 prohibits unsolicited “live checks” or other negotiable instruments from being sent to consumers. Convenience checks tied to an existing credit line and pre-screened unsecured credit offers are exempt from its provisions. Effective October 1, 2026.
SB 784 repeals a Maryland law that had broadly exempted certain assignees or acquirers of mortgages, mortgage loans, and installment loans from state licensing requirements. The bill is intended as a clarifying corrective measure and removes that exemption from the Financial Institutions Article. Effective July 1, 2026.
MINNESOTA
The Minnesota Commerce Department published the periodic adjustment in dollar amounts in the Regulated Loan Act, effective July 1, 2026, through June 30, 2028. The adjustments are based on a 10% increase. The dollar amount adjustments include:
| §47.59 Subd. 3 | Principal Subject to 33% Interest | $1,500.00 |
| §47.59 Subd. 3 | Minimum Refund | $10.00 |
| §47.59 Subd. 6 | Default Charges | $10.40 |
| §47.59 Subd. 6 | Loan Administration Fee Threshold | $8,640.00 |
Effective July 1, 2026.
NEBRASKA
LB 972 creates the Recreational Vehicle Industry Regulation Act. Amongst other items, this bill requires agreements between dealers and manufacturers in order for new RVs to be sold in the state, requires warrantors to pay dealers fair compensation for warranty-related labor and parts, and updates registration, safety, and other laws related to motor vehicles. Effective three calendar months after the legislative session ends, estimated June 17, 2026.
Correction
TEXAS
Alternate Consumer Loans Subchapter F – §§342.251 – 342.252
| Loan Amount | Acquisition Charge plus Installment Acct Handling Charge |
| Under $30: | $1 for each $5 cash advanced |
| 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 $920: | 12.5% cash advance, up to max charge of $130; plus $4 per month for each $100 cash advance |
| From $920.01 up to $1,840: | 12.5% cash advance, up to max charge of $130; plus $4 per month for each $100 cash advance |
Effective July 1, 2026.
