10 USC 987

MLA Compliance Execution for BaaS Platforms

The Military Lending Act provides additional protections for active duty servicemembers and their dependents. Canarie helps you execute MLA compliance through automated workflows for covered borrower checks, rate calculations, and required disclosures. Specifically tailored for the compliance requirements of baas platforms.

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Key Requirements

1
Covered borrower status verification
2
Military Annual Percentage Rate (MAPR) limit
3
Required oral and written disclosures
4
Prohibited loan terms
5
Arbitration limitations
6
Record retention

BaaS Platforms Compliance Challenges

Oversight of multiple fintech partners
Demonstrating partner compliance to examiners
Scaling oversight with partner growth
Managing third-party risk at scale
Consistent compliance standards

How Canarie Helps BaaS Platforms

Automated Workflows

Recurring MLA Compliance Execution tasks are scheduled, assigned, and tracked automatically.

Evidence Capture

Evidence is captured automatically as compliance work is completed.

Audit Trails

Complete audit trails show who did what, when, with immutable records.

Examiner-Ready Export

Export organized evidence packages in formats examiners expect.

Non-Compliance Risks

Loan voidability
Civil money penalties
DOD enforcement
Prudential regulator action

Frequently Asked Questions

Automate MLA Compliance Execution for Your BaaS Platform

See how baas platforms execute compliance with confidence.