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MILITARY LENDING ACT (MLA) WEBSITE VERSION 2.0USERS GUIDE AS MARCH 8, 2016Military Lending Act Website v2.0 Users GuideContents WELCOME TO MLA....................................................................................................

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How to fill out military lending act mla

01

Obtain a copy of the Military Lending Act disclosure form from the lender or financial institution.

02

Read the instructions carefully before filling out the form.

03

Provide all required personal information accurately, including name, address, social security number, and date of birth.

04

Indicate the purpose of the loan and the amount requested.

05

Sign and date the form to certify that all the information provided is true and correct.

Who needs military lending act mla?

01

Active duty servicemembers of the U.S. Armed Forces, including members of the National Guard and Reserves, and their dependents

02

Covered borrowers, which include those who are on active duty for more than 30 days, as well as their spouses, children, and other dependents

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What is military lending act mla?

The Military Lending Act (MLA) is a federal law designed to protect active duty service members and their dependents from predatory lending practices.

Who is required to file military lending act mla?

Lenders who offer consumer credit to active duty service members and their dependents are required to comply with the Military Lending Act.

How to fill out military lending act mla?

To fill out the Military Lending Act (MLA), lenders must ensure that they are providing loans with the appropriate terms and conditions as outlined in the law.

What is the purpose of military lending act mla?

The purpose of the Military Lending Act (MLA) is to protect service members and their families from high-interest loans and other predatory lending practices.

What information must be reported on military lending act mla?

Lenders must report details of the loan terms, including fees, interest rates, and other important information, to ensure compliance with the Military Lending Act.

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