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The Department of Defense is responsible for adopting regulations and significantly expanded the regulation's scope in 2015 to include credit cards and unsecured personal loans. Problems with the regulation (including those related to GAP insurance) persist despite the DoD's adoption of an "interpretive rule."

Statutes

10 U.S.C. 987

Rules & Regulations

32 C.F.R. 232

Staff Analysis

Military Lending Act and Determining Military Status
January 31, 2023
Amendments to the Interpretive Rule of the Military Lending Act Rule
March 9, 2020
DOD Amendments to its Interpretive Rule of its MLA Rule
January 31, 2018
Military Lending Act Final Regulation
September 30, 2017

MLA Questions from the Hotline

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Agency Guidance

DOD - Military Lending Act Limitations on Terms of Consumer Credit Extended to Service members and Dependents (Interpretive Rule)
May 9, 2022
Amendments to DOD Interpretive Rule
December 14, 2017
DOD Interpretive Rule
August 26, 2016
FDIC FIL on MLA Final Rule
September 8, 2015

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Exam Procedures

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Policy Library
News

Policy Library

Staff Analysis
Military Lending Act and Determining Military Status
January 31, 2023
Staff Analysis
Amendments to the Interpretive Rule of the Military Lending Act Rule
March 9, 2020
Letter to Congress & Regulators
Joint Trades Letter to NDAA Conferees
July 17, 2018
Staff Analysis
DOD Amendments to its Interpretive Rule of its MLA Rule
January 31, 2018

News

NewsByte
ABA, associations seek equal treatment for banks, credit unions on military bases
May 04, 2023
NewsByte
CFPB report finds servicemembers underutilizing SCRA interest rate reduction
December 08, 2022
NewsByte
ABA opposes adding Durbin-Marshall to defense bill
October 03, 2022

Related Training & Events

Military Lending Act for Compliance Professionals
Self-Paced Training
Military Lending Act
Self-Paced Training

ABA Resources

Book
Handbook of Bank Insurance Compliance
June 14, 2021

Agency Materials

DoD Report: Enhancement of Protections on Consumer Credit for Members of the Armed Forces and Their Dependents

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Our Experts

Hallee Morgan

Vice President & Senior Counsel, Regulatory Compliance and Policy

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