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#2093662 - 08/17/16 01:48 PM Re: Military Lending Act (MLA) TaraTLR
CompliantOkie Offline
Gold Star
Joined: Dec 2013
Posts: 422
The payment schedule must be presented orally as well. That's what is keeping us from just setting up a recording of the MAPR statement and providing a toll free number.

For those of you providing a toll free number, do you plan on tracking who actually calls and gets the oral disclosures or is providing a way for them to receive the disclosures enough?

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Lending to Servicemembers (SCRA, JWNDAA), War, Terrorism
#2093678 - 08/17/16 02:23 PM Re: Military Lending Act (MLA) TaraTLR
peony Offline
Gold Star
Joined: Mar 2013
Posts: 250
Can we tell the payment schedule to the covered borrower at closing and provide the statement along with the toll free number to receive the statement orally??

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