10 USC 987

MLA Compliance Execution for Consumer Lenders

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 consumer lenders.

More for Consumer Lenders

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

Consumer Lenders Compliance Challenges

Multi-jurisdictional requirements
Consumer protection scrutiny
State rate and fee limitations
Fair lending requirements
CFPB oversight

How Canarie Helps Consumer Lenders

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

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