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Providing military lending disclosures

Question: 
Who must receive the written and oral MLA disclosures?
Answer: 

Part 232 requires the disclosures to be provided to the “covered borrower”—which would be the servicemember, dependent, or both. If, for example, the borrowers are a covered member and a dependent, it appears each covered borrower would receive the written and oral disclosure.
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First published on 08/28/2016

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