|
gptkbp:instanceOf
|
gptkb:United_States_federal_law
|
|
gptkbp:alsoKnownAs
|
gptkb:Military_Lending_Act
|
|
gptkbp:amendedBy
|
gptkb:2013_Department_of_Defense_rule
gptkb:2015_Department_of_Defense_rule
|
|
gptkbp:appliesTo
|
active duty service members
dependents of service members
|
|
gptkbp:codifiedIn
|
gptkb:Title_10,_United_States_Code
|
|
gptkbp:dateEnacted
|
2006
|
|
gptkbp:enactedBy
|
gptkb:United_States_Congress
|
|
gptkbp:enforcedBy
|
gptkb:Consumer_Financial_Protection_Bureau
gptkb:Department_of_Defense
|
|
https://www.w3.org/2000/01/rdf-schema#label
|
10 U.S.C. § 987
|
|
gptkbp:penalty
|
criminal penalties
civil liability
voiding of contract
|
|
gptkbp:prohibits
|
prepayment penalties
rollover of loans
high interest loans to service members
mandatory arbitration clauses in covered loans
requiring military allotments for repayment
waiver of legal rights
|
|
gptkbp:purpose
|
protect service members from predatory lending
|
|
gptkbp:regulates
|
payday loans
vehicle title loans
certain installment loans
refund anticipation loans
|
|
gptkbp:relatedTo
|
gptkb:Servicemembers_Civil_Relief_Act
gptkb:Truth_in_Lending_Act
|
|
gptkbp:set
|
interest rate cap at 36% APR
|
|
gptkbp:subject
|
gptkb:military
consumer credit
|
|
gptkbp:bfsParent
|
gptkb:Military_Lending_Act
gptkb:MLA_(Military_Lending_Act,_US_law)
|
|
gptkbp:bfsLayer
|
6
|