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Expansion of Military Lending Act coverage

Question: 
We researched this before and determined we don’t make loans subject to the MLA. Is it changing?
Answer: 

The new MLA rules expand the list “covered loans.” In a nutshell, the revised requirements are that loans covered by Reg Z (with the exception of residential mortgages and PMSI personal property and vehicle loans) are covered.

Learn more about Andy’s webinar Attention: New military lending rules of engagement.

First published on 03/20/2016

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