Military Lending Act Essentials 2017 is a webinar that covers topics such as:
- 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
Military Lending Act Essentials 2017 is intended for:
- Auditors
- Compliance officers
- Loan operations, processors, and clerks
- Loan officers
- In-house and outside legal counsel
