10 USC 987

MLA Compliance Execution for Financial Services

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 financial services.

More for Financial Services

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

Financial Services Compliance Challenges

Executing compliance work systematically
Capturing evidence automatically
Proving compliance happened
Managing recurring compliance tasks
Preparing for examinations

How Canarie Helps Financial Services

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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