Military Lending Act

$95.00

SKU: 10250 Category: Tag:

Description

Covers the U.S. Department of Defense (DoD) Military Lending Act (MLA). Explains how the regulation imposes strict requirements on covered loans made to military personnel and their families. Discusses the expanded coverage of the MLA, its numerous restrictions and requirements, determination of military status, and the penalties for noncompliance.;
What You’ll Learn
After completing this course, students will be able to:

  • Explain the background and purpose of the MLA rule
  • Define key terminology in the MLA rule
  • Identify a covered borrower
  • Explain prohibited terms in covered loans made to military personnel and their spouses and dependents
  • Identify the disclosures covered borrowers must receive under the MLA
  • Identify the penalties for non-compliance
  • Additional information

    Audience

    Any staff that takes consumer loan applications and consumer lending staff including underwriters.

    Credits

    1.0 CRCM

    Member Price

    95.00

    Non-Member Price

    130.00

    Course Number

    ABA

    Location

    Online Self-Paced

    Vendor

    ABA

    Course Code

    ABA

    Prerequisites

    None

    Day

    Online

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