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
Ready to Apply in Mississippi?
Check your options in minutes with no credit check required.
Title Loans Union Editorial Team
Consumer Finance & State Regulations Research
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
$2,500
Max APR / Rate
25% per month
Loan Term Range
30 days
Governing Body
MS Dept. of Banking and Consumer Finance