Car Title Loans in Mississippi2026 Guide
Car title loans are legal in Mississippi under the Mississippi Title Pledge Act (Miss. Code § 75-67-401). Learn maximum $2,500 loan limits, 25% monthly rate caps, 30-day term rules, and redemption rights in 2026.
Legal Status & Regulations
Governing Law
Miss. Code § 75-67-401
Last Reviewed: April 2026
Law Summary
Mississippi regulates title loans through the Mississippi Title Pledge Act (Miss. Code § 75-67-401 et seq.) under the supervision of the Department of Banking and Consumer Finance (DBCF). Loan amounts are capped at $2,500 with maximum allowable rate charges of 25% per month (300% effective APR) on 30-day pledge contracts. Lenders must issue a written Title Pledge Agreement. Upon default, borrowers have a mandatory 30-day redemption window to reclaim the vehicle by paying principal, allowed charges, and legitimate repossession costs before liquidation, with any auction surplus returned to the borrower.
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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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
$2,500
Max APR / Rate
25% per month
Loan Term Range
30 days
Governing Body
MS Dept. of Banking and Consumer Finance