"My favorite part of attending ICBA Institutes is connecting with peers from other institutions. I look forward to future events knowing familiar faces will be there, and while the training is always excellent, it’s the networking that keeps me coming back."
-McKenzie Humpal, VP Compliance Officer at First Citizens Bank in Iowa
"Through ICBA, I earned the CCBIA, CBAP, and CCBCO designations, each enhancing my role at different stages of my career. Each designation provided valuable resources and insights that improved my expertise in these areas."
-Michael Hoehn, Assistant Compliance Officer and CRA Officer at First Metro Bank in Muscle Shoals, Alabama.
"The Fraud Seminar was excellent and very informative. I got a lot of resources that will help in our FI. Great tools."
-Donna Franklin, AmeriState Bank, Atoka, Ohio
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The Military Lending Act was originally enacted in 2006 and is
implemented by the Department of Defense. It protects active-duty
members of the military, their spouses, and dependents from certain
lending practices.
These practices could pose a risk for service members and their
families, a threat to military readiness and affect service member
retention. This course will provide details on definitions,
applicability, procedures and the laws regarding the Military Lending
Act.
This course is intended for all lending department personnel and
compliance professionals.
Learning Objectives:
Know which loan applications apply to the MLA
Determine if your applicant is a covered borrower in the
appropriate manner and timing
Understand and explain the protections the MLS provides to covered
borrowers
Ensure compliance with the laws
Course Outline:
Introduction
Covered Loan
Covered Borrower
Determining a Covered Borrower
MAPR
Disclosure Requirements
Other Limitations
Rev–Dec. 2020. Course length ≈ 24 minutes. This course is worth
0.5 CPE credits.
