Military Lending Act Essentials


On July 22, 2015 the Department of Defense (DOD) published a 54-page final rule that amends its existing Part 232, which implements the Military Lending Act (MLA). The law and regulation provide various protections for servicemembers and their families.

The DOD amended its regulation primarily for the purpose of extending the protections of the MLA to a broader range of closed-end and open-end credit products.

The revised rule was effective October 1, 2015. Compliance was mandatory, for the most part, on October 3, 2016.


This information packed program helps participants assure they are prepared for the first regulatory review of MLA compliance. Participants receive a detailed manual that serves as a handbook long after the program is completed.

Covered Topics:

  • How to determine whether transactions are covered or exempt
  • How to determine and verify which applicants are "covered borrowers," including use of the:
    • DOD Database
    • Credit reports
  • How to identify dependants
  • Required disclosures, including:
    • Content of the disclosure
    • Timing of the disclosure
    • Written and oral delivery
    • Calculating the MAPR
    • The 36% limit on the MAPR
  • Limitations on creditor acts or practices
  • Recordkeeping requirements
  • Penalties and remedies

Who Should Attend?

The program is designed for compliance officers, auditors and for those with responsibility for completing adverse action notices.