Military Lending Act & Servicemembers Civil Relief Act
How familiar are you with the MLA and SCRA? Do you know about the recent changes and how they affect your institution? Can you identify which servicemembers and dependents are covered now? Do you understand the Acts’ protections and disclosure requirements? If you want to ensure your institution is complying with its military lending obligations, then this is the webinar for you!
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Understand how to comply with the recent changes to both the Military Lending Act (MLA) and the Servicemembers Civil Relief Act (SCRA)
- Distinguish between the requirements of the MLA and SCRA
- Explain which servicemembers and dependents are covered by the expanded MLA and SCRA
- Understand the MLA and SCRA protections and explain the disclosure requirements
- Ensure MLA and SCRA compliance at your institution
WEBINAR DETAILS
The MLA and the SCRA both recently experienced changes and now provide enhanced protections for covered servicemembers. Failure to comply with the MLA and SCRA can expose your institution and employees to significant penalties, including criminal charges, civil damages, and reputation loss. Notwithstanding their importance, many institutions struggle to understand all the obligations imposed by the MLA and the SCRA and how to monitor for compliance. This webinar will help you understand the various requirements, including when they are applicable and to whom, and will provide a takeaway tool that can be used to monitor and ensure compliance with these regulations.
WHO SHOULD ATTEND?
This informative session is designed for all loan personnel, including loan officers, loan operations staff, credit administration personnel, managers, collectors, compliance officers, and attorneys.
