July 2025

 

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.