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Expansion of Military Lending Act coverage

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

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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