Military Lending Act Policy
This Military Lending Act Policy addresses how a bank, credit union, fintech company, or other type of financial institution adheres to the Military Lending Act (MLA) which applies to consumer credit extended by the organization to a covered borrower.
Table of Contents
- Purpose and Contents – Topic 1
- Policy Statement – Topic 2
- Definitions – Topic 3
- Terms of Consumer Credit Extended to Covered Borrowers – Topic 4
- Optional Identification of Covered Borrower – Topic 5
- Mandatory Loan Disclosures – Topic 6
- Preemption – Topic 7
- Limitations – Topic 8
- Penalties and Remedies – Topic 9
- Administrative Enforcement – Topic 10
- Servicemembers Civil Relief Act Policy Reference – Topic 11
- Audit Policy – Topic 12
- Staff Training – Topic 13
- Retention of Documentation – Topic 14
This Military Lending Act Policy (approximately 16 pages) is available to purchase from BankPolicies.com in Microsoft® Word format.
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