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LBA PROFESSIONAL DEVELOPMENT WORKSHOPS Military Lending Act Essentials (Webinar) March 15, 2016 3:00pm 5:00pm On July 22, 2015, the Department of Defense (DOD) published a 54page final rule that amends

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What is military lending act essentials?

The Military Lending Act essentials include regulations that protect active duty service members and their dependents from predatory lending practices.

Who is required to file military lending act essentials?

Lenders who provide consumer credit to service members or their dependents are required to file military lending act essentials.

How to fill out military lending act essentials?

Military lending act essentials can be filled out by providing accurate and detailed information about the loan terms and conditions offered to service members.

What is the purpose of military lending act essentials?

The purpose of military lending act essentials is to ensure that service members are not subjected to high-interest rates and unfair lending practices.

What information must be reported on military lending act essentials?

Information such as the amount financed, the annual percentage rate (APR), and any fees or charges associated with the loan must be reported on military lending act essentials.

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