10 USC 987

MLA Compliance Execution for Community Banks

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 community banks.

More for Community Banks

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

Community Banks Compliance Challenges

Lean compliance teams wearing multiple hats
Same regulatory scrutiny as larger banks
Limited budget for compliance technology
Managing multiple examiner relationships
Keeping up with regulatory changes

How Canarie Helps Community Banks

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 Community Bank

See how community banks execute compliance with confidence.