Fabio
101 lines
8.7 KiB
Markdown
101 lines
8.7 KiB
Markdown
---
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type: "Bill"
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title: "Earned wage access services."
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description: "Provides that under certain circumstances, a lender may contract for and receive a nonrefundable prepaid finance charge of 3% (instead of 2%, under current law) of the loan amount on a loan that is secured by an interest in land and is not made under a revolving loan account. Provides that under certain circumstances, a lender may contract for and receive a nonrefundable prepaid finance charge of 3% (instead of 2%, under current law) of the line of credit on a loan that is secured by an interest in land and is made under a revolving loan account. Provides that: (1) if a joint agreement of merger is approved by the department of financial institutions, any credit union whose existence will terminate as a result of the merger shall submit the joint agreement to a vote of its shareholders as directed by the resolution of the board of directors; and (2) a majority of shareholders voting may approve the joint agreement. Establishes within the Indiana Code a new chapter, to be known as the Indiana Earned Wage Access Act (Act), governing the offering and provision of earned wage access services to Indiana consumers. Provides that the Act is to be administered by the division of consumer credit within the department of financial institutions (department). Sets forth provisions that address the following: (1) Definitions of terms. (2) Exemptions from the Act's requirements. (3) The department's supervisory authority under the Act. (4) The licensing of providers of earned wage access services (providers). (5) The acquisition of control of a licensee. (6) Reporting and record keeping requirements for licensees. (7) Duties of providers under the Act. (8) Prohibited acts by providers. (9) The department's enforcement authority under the Act. (10) Criminal liability for certain prohibited acts. (11) Statutory construction of the Act's provisions. Makes conforming changes to sections of the Indiana Code codified outside the Act."
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jurisdiction: "us/states/in"
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legislature: "Indiana General Assembly"
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session: "2025"
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identifier: "HB 1125"
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citation: "Indiana HB 1125 (2025)"
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classification: ["bill"]
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subjects: ["AGENCIES; Department of Financial Institutions (DFI)", "FINANCIAL SERVICES; Loans and Mortgages", "TRADE REGULATIONS; Consumer Credit and Consumer Protection (Including the Uniform Consumer Credit Code (UCCC))", "TRADE REGULATIONS; Pay Day Lenders and Small Loans"]
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status: "enacted"
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primary_sponsors: ["Jake Teshka", "Kyle Walker", "Scott Baldwin"]
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version_count: 4
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action_count: 33
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vote_count: 4
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first_action: "2025-01-08"
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last_action: "2025-05-06"
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source: "openstates"
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source_identifier: "ocd-bill/b4e84a98-396f-4457-9724-802502058307"
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source_url: "https://api.iga.in.gov/2025/bills/hb1125"
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source_hash: "d6f066767b252e55a66a077b4b5427cbf680e79b2723f0516367ddabafa5c979"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-in"]
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---
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# Indiana HB 1125 (2025) — Earned wage access services.
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Provides that under certain circumstances, a lender may contract for and receive a nonrefundable prepaid finance charge of 3% (instead of 2%, under current law) of the loan amount on a loan that is secured by an interest in land and is not made under a revolving loan account. Provides that under certain circumstances, a lender may contract for and receive a nonrefundable prepaid finance charge of 3% (instead of 2%, under current law) of the line of credit on a loan that is secured by an interest in land and is made under a revolving loan account. Provides that: (1) if a joint agreement of merger is approved by the department of financial institutions, any credit union whose existence will terminate as a result of the merger shall submit the joint agreement to a vote of its shareholders as directed by the resolution of the board of directors; and (2) a majority of shareholders voting may approve the joint agreement. Establishes within the Indiana Code a new chapter, to be known as the Indiana Earned Wage Access Act (Act), governing the offering and provision of earned wage access services to Indiana consumers. Provides that the Act is to be administered by the division of consumer credit within the department of financial institutions (department). Sets forth provisions that address the following: (1) Definitions of terms. (2) Exemptions from the Act's requirements. (3) The department's supervisory authority under the Act. (4) The licensing of providers of earned wage access services (providers). (5) The acquisition of control of a licensee. (6) Reporting and record keeping requirements for licensees. (7) Duties of providers under the Act. (8) Prohibited acts by providers. (9) The department's enforcement authority under the Act. (10) Criminal liability for certain prohibited acts. (11) Statutory construction of the Act's provisions. Makes conforming changes to sections of the Indiana Code codified outside the Act.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **Enrolled House Bill (H)** (committee substitute) — [source](https://iga.in.gov/pdf-documents/124/2025/house/bills/HB1125/HB1125.04.ENRS.pdf)
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2. **House Bill (H)** (committee substitute) — [source](https://iga.in.gov/pdf-documents/124/2025/house/bills/HB1125/HB1125.03.COMS.pdf)
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3. **House Bill (S)** (committee substitute) — [source](https://iga.in.gov/pdf-documents/124/2025/house/bills/HB1125/HB1125.02.COMH.pdf)
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4. **Introduced House Bill (H)** (committee substitute) — [source](https://iga.in.gov/pdf-documents/124/2025/house/bills/HB1125/HB1125.01.INTR.pdf)
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## Votes
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- HB 1125 - Walker K — **44–1** (pass) · upper
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- HB 1125 - Teshka - 3rd Reading — **70–18** (pass) · lower
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- HB 1125 - Walker K - 3rd Reading — **48–1** (pass) · upper
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- HB 1125 - Teshka — **67–26** (pass) · lower
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## Sponsors
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- Jake Teshka — primary (person)
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- Kyle Walker — primary (person)
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- Scott Baldwin — primary (person)
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- Kyle Miller — coauthor (person)
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- Lonnie Randolph — cosponsor (person)
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- Matt Lehman — coauthor (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2025-01-08** First reading: referred to Committee on Financial Institutions `reading-1, referral-committee`
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- **2025-01-08** Authored by Representative Teshka
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- **2025-01-08** Coauthored by Representatives Lehman and Miller K
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- **2025-02-04** Committee report: amend do pass, adopted `committee-passage`
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- **2025-02-06** Second reading: ordered engrossed `reading-2`
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- **2025-02-10** Senate sponsor: Senator Walker K
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- **2025-02-10** Third reading: passed; Roll Call 109: yeas 70, nays 18 `passage, reading-3, reading-3`
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- **2025-02-11** Referred to the Senate `referral`
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- **2025-02-20** First reading: referred to Committee on Insurance and Financial Institutions `reading-1, referral-committee`
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- **2025-04-10** Senator Baldwin added as second sponsor
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- **2025-04-10** Committee report: amend do pass, adopted `committee-passage`
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- **2025-04-10** Senator Randolph added as cosponsor
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- **2025-04-14** Second reading: ordered engrossed `reading-2`
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- **2025-04-15** Third reading: passed; Roll Call 431: yeas 48, nays 1 `passage, reading-3, reading-3`
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- **2025-04-16** Motion to dissent filed `filing`
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- **2025-04-16** Returned to the House with amendments `receipt`
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- **2025-04-17** House dissented from Senate amendments
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- **2025-04-17** Senate conferees appointed: Walker K and Qaddoura
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- **2025-04-17** Senate advisors appointed: Randolph Lonnie M and Baldwin
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- **2025-04-17** House advisors appointed: Lehman, Lucas, Lauer and Andrade
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- **2025-04-17** House conferees appointed: Teshka and Miller K
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- **2025-04-22** Senator Baldwin removed as advisor
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- **2025-04-22** Senator Baldwin added as conferee
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- **2025-04-22** Senator Qaddoura removed as conferee
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- **2025-04-23** CCR # 1 filed in the House `filing`
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- **2025-04-23** CCR # 1 filed in the Senate `filing`
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- **2025-04-23** Rules Suspended. Conference Committee Report 1: adopted by the House; Roll Call 530: yeas 67, nays 26
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- **2025-04-23** Rules Suspended. Conference Committee Report 1: adopted by the Senate; Roll Call 500: yeas 44, nays 1
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- **2025-05-06** Public Law 222 `became-law`
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- **2025-04-29** Signed by the President of the Senate `passage`
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- **2025-05-06** Signed by the Governor `executive-signature`
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- **2025-04-24** Signed by the President Pro Tempore `passage`
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- **2025-04-24** Signed by the Speaker `passage`
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/b4e84a98-396f-4457-9724-802502058307`. Confidence: reported (aggregated from official Indiana legislature records).
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