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.
Product Update Protection Plan
Ensure your purchase from BankPolicies.com remains current by adding a Product Update Protection Plan to your shopping cart. You’ll automatically receive an updated version via e-mail every time it’s revised, within one year from the last date of purchase.
We’re Here to Help
BankPolicies.com keeps your financial institution up to date with the latest bank policy standards and industry best practices. Purchase your bank policies from us today and rest easy knowing you have the right team helping you and your organization stay compliant.
