Indiana
For Indiana, statute citation is IC 28-8-6 (Indiana Earned Wage Access Act, HEA 1125 of 2025); effective date is January 1, 2026; product classification is not a loan or other form of credit or debt; not money transmission; licensing requirement is license required from the Department of Financial Institutions, Division of Consumer Credit; free option required is yes — whenever the provider offers a consumer the option to receive proceeds for a fee, offer at least one reasonable option to obtain proceeds at no cost, recorded from its source on 2026-08-18.
- state
- Indiana verified
- statute citation
- IC 28-8-6 (Indiana Earned Wage Access Act, HEA 1125 of 2025) our reading
- effective date
- January 1, 2026 verified
- product classification
- not a loan or other form of credit or debt; not money transmission verified
- licensing requirement
- license required from the Department of Financial Institutions, Division of Consumer Credit verified
- free option required
- yes — whenever the provider offers a consumer the option to receive proceeds for a fee, offer at least one reasonable option to obtain proceeds at no cost verified
- late fees prohibited
- yes — provider shall not charge or collect a late fee, a deferral fee, interest, or any other charge or penalty for a consumer's failure to pay outstanding proceeds verified
- collection limits
- provider shall not compel payment by civil suit, outbound calls, third-party collector, or sale to debt buyer; shall not report to consumer reporting agency or debt collector any failure to repay verified
Values marked our reading are our classification of what the source says — the source does not print them in those words. The quote below is the evidence for each one; judge it yourself.
What the source says
earned wage access services offered or provided by a licensee in accordance with this chapter are not considered to be any of the following: (1) A violation of, or noncompliance with, any Indiana law governing deductions from payroll, salary, wages, compensation, or other income. (2) A violation of, or noncompliance with, any Indiana law governing: (A) the purchase of; (B) the sale or assignment of; or (C) an order for; earned but unpaid income. (3) A loan or other form of credit or debt. (4) Money transmission (as defined in IC 28-8-4.1-201(19)).
— iga.in.gov, retrieved 2026-08-18
Source
- iga.in.govhttps://iga.in.gov/pdf-documents/124/2025/house/bills/HB1125/HB1125.04.ENRS.pdf