# Indiana HB 1174: Charges for supervised loans. Indiana HB 1174, Charges for supervised loans., is a First Regular Session 124th General Assembly (2025) House bill sponsored by Jake Teshka (Republican); status failed, last action 2025-03-03 (First reading: referred to Committee on Insurance and Financial Institutions); PRIA reads it as touching household money (as of 2026-10-19). - Canonical: https://policyrisk.com/state-bill/IN-HB1174-2025 - As of: 2026-10-19 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: Indiana HB 1174 - State: Indiana - Session: First Regular Session 124th General Assembly (2025) - Title: Charges for supervised loans. - Status: failed - Chamber: House - Introduced: 2025-01-08 - Last action: 2025-03-03, First reading: referred to Committee on Insurance and Financial Institutions - Sponsor: Jake Teshka (Republican) - Cosponsors: 3 - Subjects: financial institutions, the senate, insurance and financial institutions - Touches household money: yes - Roll calls: 1 (51 yes, 46 no in all) - Economic provisions PRIA read: 0 ## Summary Provides that for a supervised loan that is made under the Uniform Consumer Credit Code (UCCC) and that: (1) is entered into after June 30, 2025; (2) is not secured by an interest in land or by personal property used or expected to be used as the debtor's principal dwelling; and (3) has a principal amount that does not exceed $5,000; a lender may contract for and receive, in addition to the loan finance charge and any other permitted charges and fees, a monthly service fee that is based on the amount of principal originally contracted for, and must report the borrower's payments on the supervised loan to at least one consumer reporting agency that compiles and maintains files on consumers on a nationwide basis (as defined in 15 U.S.C. 1681a(p)) in accordance with the federal Fair Credit Reporting Act (15 U.S.C. 1681 et seq.). Provides that for a supervised loan that: (1) is entered into after June 30, 2025; (2) is not secured by an interest in land or by personal property used or expected to be used as the debtor's principal dwelling; (3) has a principal amount that is more than $5,000 but does not exceed $25,000; and (4) is for a term of at least six months; a lender may contract for and receive a loan finance charge not exceeding 36% per year on the unpaid balances of the principal. For a supervised loan that qualifies for the flat 36% annual finance charge (instead of the blended loan finance charge that applies to all other supervised loans), requires the lender to: (1) report the borrower's payments on the loan to at least one nationwide consumer reporting agency; and (2) offer to the borrower, at or before the consummation of the loan and at no cost to the borrower, a consumer credit education program provided by the lender or a third party provider. Provides that, based on information contained in annual composite reports filed with the department of financial institutions (department) by creditors required to be licensed under the UCCC, the department shall publish annually on the department's website a report that contains specified information concerning supervised loans made after June 30, 2025, by nondepository licensees during the reporting period covered by the composite reports. Makes conforming amendments to: (1) the UCCC; and (2) the statutes governing: (A) pawnbrokers; and (B) loansharking. ## Bill overview No economic impacts identified for this bill. ## Sponsors and cosponsors - Sponsor: Jake Teshka (Republican), House - Cosponsor: Chris Judy (Republican), House - Cosponsor: Robert Heaton (Republican), House - Cosponsor: Scott Baldwin (Republican), Senate ## Roll call votes | Date | Chamber | Motion | Result | Yes | No | Other | | --- | --- | --- | --- | --- | --- | --- | | 2025-02-17 | House | Third reading: passed | pass | 51 | 46 | | ## Actions (9) - 2025-03-03: First reading: referred to Committee on Insurance and Financial Institutions (Senate) - 2025-02-18: Referred to the Senate (House) - 2025-02-17: Third reading: passed; Roll Call 168: yeas 51, nays 46 (House) - 2025-02-17: Senate sponsor: Senator Baldwin (House) - 2025-02-13: Second reading: ordered engrossed (House) - 2025-02-11: Committee report: amend do pass, adopted (House) - 2025-01-08: Coauthored by Representatives Judy and Heaton (House) - 2025-01-08: Authored by Representative Teshka (House) - 2025-01-08: First reading: referred to Committee on Financial Institutions (House) ## Bill text - House Bill (S): [PDF](https://api.iga.in.gov/2025/bills/HB1174/versions/HB1174.02.COMH?format=pdf) - Introduced House Bill (H): [PDF](https://api.iga.in.gov/2025/bills/HB1174/versions/HB1174.01.INTR?format=pdf) ## Related bills - SB 231: Various corrections matters. (signed) - SB 324: Criminal procedures. (signed) - SB 80: Code publication. (signed) - SB 453: Various tax matters. (signed) - SB 464: Financial institutions and consumer credit. (signed) - SB 371: Workforce matters. (signed) ## Sources - [House Bill (S) (PDF)](https://api.iga.in.gov/2025/bills/HB1174/versions/HB1174.02.COMH?format=pdf) - [Introduced House Bill (H) (PDF)](https://api.iga.in.gov/2025/bills/HB1174/versions/HB1174.01.INTR?format=pdf) ## Related - [SB 231: Various corrections matters.](https://policyrisk.com/state-bill/IN-SB231-2025) - [SB 324: Criminal procedures.](https://policyrisk.com/state-bill/IN-SB324-2025) - [SB 80: Code publication.](https://policyrisk.com/state-bill/IN-SB80-2025) - [SB 453: Various tax matters.](https://policyrisk.com/state-bill/IN-SB453-2025) - [SB 464: Financial institutions and consumer credit.](https://policyrisk.com/state-bill/IN-SB464-2025) - [SB 371: Workforce matters.](https://policyrisk.com/state-bill/IN-SB371-2025) - [Indiana bills](https://policyrisk.com/states/indiana/bills) - [Indiana state hub](https://policyrisk.com/states/indiana) - [All state legislation](https://policyrisk.com/state-bills) Source: PRIA, https://policyrisk.com/state-bill/IN-HB1174-2025 (as of 2026-10-19).