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Deadline for registration for access to military status database


The new Military Lending Act regulations, which become effective in October 2016, require lenders determine military status of applicants for covered credit. There is a compliance safe harbor for lenders who check that status using a Department of Defense database or a nationwide credit reporting agency. Lenders who plan to access the military database have only until Monday, February 1, to email the Department of Defense at to advise DoD of their interest in direct access to the DMDC database.

We've been advised by the ABA that Defense has extended this deadline to Monday, February 15, 2016.

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