On January 13, 2023 the Department of Insurance and Financial Services (DIFS) reviewed the documentary preparation fee (doc fee) adjustment and has determined the maximum shall be adjusted to $260.00, which reflects the cumulative percentage change in the consumer price index for the past two calendar years. Accordingly, the documentary preparation fee shall not exceed 5% of the cash price of the motor vehicle or $260.00, whichever is less.
The maximum documentary preparation fee is reviewed and adjusted every two years to reflect the cumulative percentage change in the consumer price index of the two immediately preceding calendar years.
Also see DIFS bulletin 2023-01-CF for information. DIFS will next review the maximum allowable doc fee amount in mid-January 2025.