Military Lending Act Essentials

May 24, 2017 11:00am -
May 24, 2017 01:00pm
(GMT-5)

Event Description

On July 22, 2015 the Department of Defense (DOD) published a 54-page final rule that amends its existing Part 232, which implements the Military Lending Act (MLA). The law and regulation provide various protections for servicemembers and their families.

The DOD amended its regulation primarily for the purpose of extending the protections of the MLA to a broader range of closed-end and open-end credit products.

The revised rule was effective October 1, 2015. Compliance was mandatory, for the most part, on October 3, 2016.

This information packed program helps participants assure they are prepared for the first regulatory review of MLA compliance. Participants receive a detailed manual that serves as a handbook long after the program is completed.

Covered Topics:

  • How to determine whether transactions are covered or exempt
  • How to determine and verify which applicants are "covered borrowers," including use of the:
    • DOD Database
    • Credit reports
  • How to identify dependants
  • Required disclosures, including:
    • Content of the disclosure
    • Timing of the disclosure
    • Written and oral delivery
    • Calculating the MAPR
    • The 36% limit on the MAPR
  • Limitations on creditor acts or practices
  • Recordkeeping requirements
  • Penalties and remedies

Who Should Attend?

The program is designed for compliance officers, auditors and for those with responsibility for completing adverse action notices.

REGISTRATION OPTIONS

If you are having issues with registering online, please contact CBAO's Education & Training Coordinator, Lianne Simeone, (614) 610-1877.


Event Type:Webinar &/or On-Demand Link/CD
Early registration ends on Apr 13, 2017.
Regular registration starts on Apr 14, 2017 and ends on May 24, 2017.
Late registration starts on May 25, 2017.
(GMT-05:00) Eastern Time (US & Canada)

 

Registration Fees
Fee TypeEarlyRegularLate
 Live Webinar
Member Fee: $265.00$265.00$290.00
Non-Member Fee: $400.00$400.00$425.00
 Additional Hookups
Member Fee: $175.00$175.00$175.00
Non-Member Fee: $260.00$260.00$260.00
 On Demand Link & "FREE" CD Rom
Member Fee: $345.00$345.00$345.00
Non-Member Fee: $490.00$490.00$490.00
 Both Live & On Demand Link (Includes CD Rom)
Member Fee: $395.00$395.00$420.00
Non-Member Fee: $600.00$600.00$625.00