Easily identify covered borrowers so you can be compliant with the Military Lending Act
The men and women in the U.S. armed forces protect our country every day. The Military Lending Act (MLA) and 2015 Final Rule were passed to protect these service members and their families. Under the Final Rule:
Military Lending Act database search from TransUnion is a fully compliant suite of products to verify consumer eligibility, so your business will be ready by the Oct. 3, 2016 (Oct. 3, 2017 for credit cards) deadline.
All Military Lending Act Search capabilities work with existing TransUnion solutions and give you peace of mind knowing you are using Information for GoodSM.
“TransUnion is fully committed to helping our lending partners comply with the new requirements under the Military Lending Act. We've created the Military Lending Act Search flag as part of the credit report and the model report in order to help lenders easily check the Military Lending Act database at the time they're underwriting their credit.”
– Jason Laky
Vice president and consumer lending business leader for TransUnion