Is Your Business Meeting the Military Lending Act Requirement?

To our valued partners and customers,

Military Lending Act Compliance is Required and Available from CBC

CBC wants to make sure every customer is aware of the Military Lending Act requirement. This requirement has been in force since 2016. If you are not aware of MLA or if you need more information, read on.

For more information on MLA visit our Blog

The Department of Defense (DOD) issued a final rule amending the regulations of the Military Lending Act (MLA) of 2006. The final rule expands specific protections provided to service members and their dependents under the MLA and addresses a wider range of credit products than the DOD’s previous regulation. FDIC-supervised institutions and other creditors must comply with the rule for new covered transactions beginning October 3, 2016.

For more information on MLA visit our Blog

Learn More

Do I Need This? How Do I Know?

Auto dealers, BHPH dealers, auto re-finance lenders/brokers, and other types of businesses may be affected. Please visit here to learn if the Military Lending Act applies to you.

Please contact your legal or advisory counsel for more information. Feel free to contact CBC at 800.448.0183 as well.