State Requirements

STATE REQUIREMENTS FOR REFUND ASSISTANCE LOAN PRODUCTS

Tax refund loan assistance programs are a great way for tax preparers to grow their business. Before offering these products, be sure you review the requirements for your state regarding registration, disclosures, and other regulations. The following states currently have regulations for tax preparers who offer these types of loans

Arkansas
Arkansas Code Title 4 Subtitle 7 Chapter 116 Refund Anticipation Loan Act

California
California Business and Professions Code Section 22253.1

Colorado
Colorado Revised Statute Title 5 Consumer Credit Code – Disclosures Required 

Connecticut
Chapter 743ee Refund Anticipation Loans
Special Notice 2017(8)
Special Notice 2018(8) 

Illinois
Tax Refund Anticipation Loan Act

Louisiana
RS 9:3579.4 

Maine
Article 10: Part 3

Maryland
HB1206: Commercial Law - Consumer Protection - Refund Anticipation Loans and Checks 

Michigan
Refund Anticipation Loan Act 

Minnesota
Tax Preparation Services 

Nevada
Chapter 604B – Refund Anticipation Loans 

New Jersey
New Jersey Statute Title 17 Section 17:11 D-3 Refund Anticipation Loans

New York
Publication 58 (pages 13-15)
New York Bill of Rights Concerning Tax Preparers 
New York State tax preparer registration 

North Carolina
Refund Anticipation Loan Act
Refund Anticipation Loan Facilitators Overview 

Oregon
2017 ORS 673.625
017 ORS 673.712
2017 ORS 637.15

Tennessee
Tennessee Code Title 62 Chapter 29 Part 2 Refund Anticipation Loans 

Texas
Texas  OCCC – Refund Anticipation Loan

Virginia
Advertising; posting RAL fee schedule; and disclosures

Washington
Washington State DFI – Tax Refund Anticipation Loan 

Wisconsin
Wisconsin Statute 422.310 Refund Anticipation Loans 

Refund Anticipation Loan