Car Title Lending By State
There are currently 16 states that expressively allow title lending at triple-digit interest rates and four others* that allow title lending through a legislative loophole.
States that allow car title lending include: Alabama, Arizona, Delaware, Georgia, Idaho, Illinois, Mississippi, Missiouri, Minnesota, Montana, Nevada, New Mexico, South Dakota, Tennessee, Utah, and Virginia.
States that allow car title lending via a loophole include: California, Kansas, South Carolina, and Texas.
*Notes on Car Title Loopholes: Kansas allows title lending as open-ended lines of credit. Texas allows title lenders to use a "Credit Services Organization" model. California and South Carolina only cap APRs up to a certain loan amount ($2,500 and $600 respectively).
