# Indiana — State Earned Wage Access (EWA) Regulatory Frameworks — Classification, Fee Caps, and Licensing Requirements

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: appears in the quote below)_
- **statute citation:** IC 28-8-6 (Indiana Earned Wage Access Act, HEA 1125 of 2025) _(our reading, not quoted from the source)_
- **effective date:** January 1, 2026
- **product classification:** not a loan or other form of credit or debt; not money transmission _(verified: appears in the quote below)_
- **licensing requirement:** license required from the Department of Financial Institutions, Division of Consumer Credit
- **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
- **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
- **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

## 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)).

## Source

- https://iga.in.gov/pdf-documents/124/2025/house/bills/HB1125/HB1125.04.ENRS.pdf

Last verified: 2026-08-18. Review by: 2027-02-14.
Part of [State Earned Wage Access (EWA) Regulatory Frameworks — Classification, Fee Caps, and Licensing Requirements](https://referencesource.org/state-earned-wage-access-regulations/).