I was asked by our Collections department if we are required to check for military status before taking adverse action (Repossession, Offset) on a delinquent loan. These persons did not disclose military service and loans were done before MLA rules that state you check before making loan to determine status....
I'm looking through materials but thought I would post here to see if someone could help get a quick answer. They have a vendor looking to sell a product and they want to know if it would be beneficial...
Thanks in advance for all assistance!