Car Title Loans in Massachusetts2026 Guide
Car title loans are prohibited in Massachusetts under small loan licensing laws (M.G.L. c. 140, § 96). Learn state rate caps, regulatory standards, and legal borrowing options in 2026.
Legal Status & Regulations
Governing Law
Mass. Gen. Laws ch. 140, § 96
Last Reviewed: April 2026
Law Summary
High-cost car title loans are prohibited in Massachusetts under M.G.L. c. 140, § 96, enforced by the Massachusetts Division of Banks. Strict interest rate limits prohibit lenders from requiring vehicle titles as security for high-interest short-term debt.
Real Rate Example in Massachusetts
A $1,500 loan in Massachusetts at a typical market rate of APR over 30 days would result in approximately $150 in interest and fees. Always compare multiple offers to find the most competitive rate.
What Documents You Need
- A clear vehicle title in your name
- A valid government-issued ID (Driver's License)
- Proof of residency (Utility bill, etc.)
- Proof of income or ability to repay
- The vehicle itself for a quick inspection
Ready to Apply in Massachusetts?
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Title Loans Union Editorial Team
Loan Regulations & Guides
Our editorial team monitors state statutes, interest rate ceilings, and car title loan regulations across all 50 states. We analyze legal statutes, state regulatory filings, and consumer protection policies to provide clear, unbiased analysis of borrowing requirements and costs.
*Last reviewed: June 2026. Always verify with your state's financial regulatory body before applying. Laws change frequently.
Quick Info Card
Max Loan Amount
N/A
Max APR / Rate
N/A
Loan Term Range
Varies
Governing Body
MA Division of Banks