State Requirements
STATE REQUIREMENTS FOR REFUND ASSISTANCE LOAN PRODUCTS
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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
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Arkansas
Arkansas Code Title 4 Subtitle 7 Chapter 116 Refund Anticipation Loan Act
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California
California Business and Professions Code Section 22253.1
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Colorado
Colorado Revised Statute Title 5 Consumer Credit Code – Disclosures Required
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Connecticut
Chapter 743ee Refund Anticipation Loans
Special Notice 2017(8)
Special Notice 2018(8)
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Illinois
Tax Refund Anticipation Loan Act
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Louisiana
RS 9:3579.4
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Maine
Article 10: Part 3
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Maryland
HB1206: Commercial Law - Consumer Protection - Refund Anticipation Loans and Checks
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Michigan
Refund Anticipation Loan Act
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Minnesota
Tax Preparation Services
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Nevada
Chapter 604B – Refund Anticipation Loans
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New Jersey
New Jersey Statute Title 17 Section 17:11 D-3 Refund Anticipation Loans
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New York
Publication 58 (pages 13-15)
New York Bill of Rights Concerning Tax Preparers
New York State tax preparer registration
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North Carolina
Refund Anticipation Loan Act
Refund Anticipation Loan Facilitators Overview
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Oregon
2017 ORS 673.625
017 ORS 673.712
2017 ORS 637.15
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Tennessee
Tennessee Code Title 62 Chapter 29 Part 2 Refund Anticipation Loans
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Texas
Texas OCCC – Refund Anticipation Loan
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Virginia
Advertising; posting RAL fee schedule; and disclosures
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Washington
Washington State DFI – Tax Refund Anticipation Loan
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Wisconsin
Wisconsin Statute 422.310 Refund Anticipation Loans