MLA (Military Lending Act, US law)

GPTKB entity

Predicate	Object
gptkbp:instanceOf	gptkb:United_States_federal_law
gptkbp:abbreviation	gptkb:MLA
gptkbp:amendedBy	gptkb:2015_Department_of_Defense_Final_Rule
gptkbp:appliesTo	active duty service members dependents of active duty service members
gptkbp:category	gptkb:Consumer_protection_law Military law
gptkbp:codifiedIn	gptkb:10_U.S.C._§_987
gptkbp:country	gptkb:United_States
gptkbp:dateEnacted	2006
gptkbp:enactedBy	gptkb:United_States_Congress
gptkbp:enforcedBy	gptkb:Consumer_Financial_Protection_Bureau gptkb:Department_of_Defense
gptkbp:fullName	gptkb:Military_Lending_Act
https://www.w3.org/2000/01/rdf-schema#label	MLA (Military Lending Act, US law)
gptkbp:limitation	interest rates on certain loans to 36% Military Annual Percentage Rate (MAPR)
gptkbp:prohibits	prepayment penalties mandatory arbitration clauses in covered loans rollover of covered loans
gptkbp:purpose	protect active duty service members and their dependents 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:signedBy	gptkb:George_W._Bush
gptkbp:startDate	October 1, 2007
gptkbp:bfsParent	gptkb:MLA
gptkbp:bfsLayer	5