Car Title Loans in Mississippi2026 Guide
Mississippi allows title loans under the Title Pledge Act.
Legal Status & Regulations
Governing Law
Miss. Code § 75-67-401
Last Reviewed: April 2026
Law Summary
Mississippi title loans are governed by the Mississippi Title Pledge Act (Miss. Code § 75-67-401). Interest rates are capped at 25% per month (300% APR) for the first 30 days. If the loan is renewed, the rate remains the same. Lenders must provide a "Title Pledge Agreement" and are regulated by the Department of Banking and Consumer Finance. Mississippi law requires that if a vehicle is repossessed, the lender must follow specific procedures for its sale. Borrowers have a 30-day period after the loan maturity date to redeem the vehicle by paying the full amount due plus any storage fees. Any surplus from the sale of a repossessed vehicle must be returned to the borrower after the debt and reasonable repossession costs are satisfied.
Real Rate Example in Mississippi
A $1,500 loan in Mississippi at a typical market rate of 25% per month 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
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Max Loan Amount
$2,500
Max APR / Rate
25% per month
Loan Term Range
30 days
Governing Body
MS Dept. of Banking and Consumer Finance