Effective State Changes
CALIFORNIA
AB 2116 provides for the regulation of commercial financing—defined as an accounts receivable purchase transaction, including factoring, asset-based lending transaction, commercial loan, commercial open-end credit plan, or lease financing, intended for a non-personal purpose—and prohibits a person from being a commercial financing provider or broker without being licensed. The bill also imposes various requirements on commercial financing providers and brokers. Effective January 1, 2028.
MICHIGAN
SB 198 or the “Motor Vehicle Dealer Data Collection Act,” prohibits a third party and a manufacturer from accessing protected dealer data without express written consent, engaging in acts of cyber-ransom, and barring or limiting a dealer’s access to protected dealer data, amongst other provisions. Effective October 9, 2026.
WISCONSIN
The Wisconsin Office of the Commissioner of Insurance released the Revised Prima Facie Credit Life and Credit Accident and Sickness Insurance Rates on October 16, 2026, for the three-year period beginning on January 1, 2027.
Prima Facie Credit Life Insurance Premium Rates Per $100 Per Annum
| Single premium decreasing life | $0.39 |
| Joint premium decreasing life | $0.65 |
| Single premium level life | $0.72 |
| Joint premium level life | $1.20 |
Prima Facie Credit Life Insurance Premium Rates Per $1,000 Per Month
| Single premium MOB life | $0.60 |
| Joint Premium MOB life | $1.00 |
Prima Facie Credit Accident and Sickness Premium Rates Per $100 Per Annum
| 14 Retro | $0.85 |
| 14 Elim | $0.85 |
| 30 Retro | $1.35 |
| 30 Elim | $1.35 |
Effective January 1, 2027 – December 31, 2029.
Effective Federal Changes
INTERNAL REVENUE SERVICE
The Internal Revenue Service published amendments that add new regulations to the Income Tax Regulations (26 CFR part 1) under sections 163 and 6050AA of the Internal Revenue Code. These new rules implement the Federal income tax deduction for qualified passenger vehicle loan interest that was included in the One, Big, Beautiful Bill Act. Effective November 9, 2026.
