Title Loan Regulations & Citations by State
State laws differ for car title loans so it is important that you do your research on the state you are applying for a car title loan in before entering into a contract. Title loans are currently permitted for 17 states with 4 states that are currently being exploited by lenders.
Car title loans are allowed in the following states:
Car title loans can be used via loopholes in the following states:
Laws & Citations concerning car title loans by state
- Alabama - Alabama Pawnshop Act (Ala. Code § 5-19A-1 et seq.)
- Delaware - Del. Code Tit. 5 §§ 2250 et seq
- Georgia - Pawnbroker Law (Ga. Code §§ 44- 12-130 et seq.)
- Idaho - Idaho Code Ann. § 28- 46-501 to - 509
- Illinois - IL Admin. Code Tit. 38, §§110.300- 410
- Mississippi - Title Pledge Act (Miss. Code §§ 75- 67-401 to - 449)
- Missouri - Title Loans Law (Mo. Rev. Stat. §367.500- 367.533)
- Nevada - Nev. Rev. Stat. § 604A.105; see p.10
- New Hampshire - Pawnbroker/Lender Act (N.H. Rev. Stat.§ 399-A)
- New Mexico - "New Mexico Small Loan Act" N.M. Stat. Ann. §§ 58-15- 1 to -30
- South Dakota - S.D. Codified Laws Ann. §§ 54-4-70 to 72 (Subject to provisions of § 57A- 9)
- Tennessee - TN Title Pledge Act (§ 45-15-101 to § 45-15-120)
- Texas - Tex Fin. Code tit. 5 §§ 393.001- 393.628; Tex. Admin. Code tit. 7 §§ 83.1001- 83.6008; /Ch. 302, Texas Finance Code; Title 1 Texas Business and Commer
- Utah - Title Lend. Reg. Act (Utah Code §§ 7-24-101 et seq.)
- Virginia - Code of Virginia Tit. 6.2 Chap. 22
- Wisconsin - Wis. Stat. § 138.16
The Consumer Federation of America provides an updated list of the current laws, regulations, term limits, cost, repo terms, and more by state. It can be found here:
http://www.consumerfed.org/pdfs/Resources.CTL.StateLawTermChart12.2.12.pdf
