Military Lending Act | Nichols Kaster

Military Lending Act No Company Is Too Big to Play Fair

For more information call (877) 344-4628 or contact our clerk online.

The Military Lending Act (“MLA”) is a federal law that provides protections in certain consumer financial transactions for active service members, their spouses, and certain dependents.

The MLA contains certain protections, including but not limited to:

Interest rate caps on certain consumer loans
No prepayment penalties
No mandatory arbitration

Consumer credit products generally covered under the MLA include payday loans, some installment loans, and certain student loans, for example. If you believe your rights have been violated, contact Nichols Kaster, PLLP.

No Company is Too Big to Play Fair.

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