Military Lending Act Essentials 2017

Topics

• What is covered consumer credit and what loan types are exempt
• The Purpose of the MLA Rule
• The disclosure requirements under the MLA Rule
• How to determine whether an applicant is a covered borrower
• What other acts or practices are prohibited by the MLA
• How to calculate the MAPR, including
  • How and when certain fees are excluded from the calculation
  • What fees are included in the MAPR calculation
  • Potential challenges posed by the MAPR limitation (it`s trickier than you think)
• Potential penalties for noncompliance with the MLA

Who should Attend

• Auditors
• Compliance officers
• Loan operations, processors, and clerks
• Loan officers
• In-house and outside legal counsel