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Bill

HB 1174

Charges for supervised loans.

2025 Regular Session Introduced by Scott Baldwin and 3 co-sponsors

Indiana HB 1174 restricts charges on supervised loans, raising consumer lending costs but risking reduced credit access; passed House narrowly, under Senate review.

First reading: referred to Committee on Insurance and Financial Institutions
#financialservices;loansandmortgages #property;generally #traderegulations;consumercreditandconsumerprotection(includingtheuniformconsumercreditcode(uccc))
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WeVote Research Nonpartisan
Bill Summary · HB 1174

Legislative bill overview

HB 1174 modifies Indiana's regulatory framework governing charges and fees associated with supervised loans, likely including consumer loans, payday loans, or similar lending products under state financial oversight. The bill passed the House with a narrow margin (51-46) and is currently under Senate committee review. The specific provisions restrict, adjust, or clarify what lenders can charge borrowers for loan origination, servicing, or related administrative costs.

Why is this important

Loan charge regulations directly affect borrowing costs for Indiana consumers and can influence lending market competition. These rules balance consumer protection against lender profitability and market access—overly restrictive charges may reduce lending availability to riskier borrowers, while permissive rules may enable predatory lending practices. The narrow House passage suggests significant partisan or ideological disagreement about the appropriate regulatory balance.

Potential points of contention

  • Consumer protection vs. market access: Stricter charge limits protect vulnerable borrowers but may reduce credit availability for high-risk populations
  • Lender profitability concerns: Financial institutions may argue that restricted charges undermine their ability to cover loan administration costs and credit risk
  • Definition and scope ambiguity: The bill's specific application to different loan types (payday, installment, title loans, etc.) and which charges it covers remains unclear from available information

Compiled from official sources — confirm details with the bill’s official record.

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