|
gptkbp:instanceOf
|
gptkb:United_States_federal_law
|
|
gptkbp:amendedBy
|
gptkb:National_Defense_Authorization_Act_for_Fiscal_Year_2013
|
|
gptkbp:appliesTo
|
active duty service members
dependents of active duty service members
|
|
gptkbp:citation
|
gptkb:Public_Law_109-364,_Title_V,_Subtitle_H,_Sections_670-677
|
|
gptkbp:codifiedIn
|
gptkb:10_U.S.C._§_987
|
|
gptkbp:compatibleWith
|
credit secured by real estate
purchase money loans for vehicles
residential mortgages
|
|
gptkbp:covers
|
payday loans
vehicle title loans
certain installment loans
|
|
gptkbp:dateEnacted
|
2006
|
|
gptkbp:enactedBy
|
gptkb:United_States_Congress
|
|
gptkbp:enforcedBy
|
gptkb:Consumer_Financial_Protection_Bureau
gptkb:Department_of_Defense
|
|
gptkbp:expansion
|
gptkb:2015_Department_of_Defense_Final_Rule
|
|
https://www.w3.org/2000/01/rdf-schema#label
|
Military Lending Act
|
|
gptkbp:limitation
|
interest rates on covered loans to 36% Military Annual Percentage Rate (MAPR)
|
|
gptkbp:prohibits
|
prepayment penalties
requiring military allotments as a condition for a loan
mandatory arbitration clauses
rollover of loans
|
|
gptkbp:purpose
|
protect active duty service members and their dependents from predatory lending
|
|
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:Consumer_Financial_Protection_Bureau
|
|
gptkbp:bfsLayer
|
5
|