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Disclose the Military APR?

Question: 
We have never disclosed the MAPR. Are there changes that require us to do so now?
Answer: 

Previously the Military Lending Act and Part 232 only applied to three narrow loan products, which were typically not offered by most financial institutions. Now the law and regulation have been expanded to cover most consumer loans. Disclosure of the MAPR is now a common occurrence.
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Learn more about Jack Holzknecht and Kelly Owsley’s webinar
Loan Fee Disclosures

First published on 04/30/2017

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