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Disclosing the Military APR

Answered by: 

Question: 
Do we have to disclose the actual MAPR to all borrowers?
Answer: 

No. The MAPR was disclosed on loans subject to the old Military Lending Act rules. Under the new MLA rules that became effective in October 2016, you don’t disclose the number at all, but you still need to compute and audit it.

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Learn more about Andy Zavoina’s

Military Lending Requirements webinar.

First published on 02/28/2021

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