Impact of the New Military Lending Act Guidance
Wednesday, January 24, 2018
10:00 PST | 11:00 MST | 12:00 CST | 1:00 EST
The new Military Lending Act Interpretive Rule provides guidance to lenders who finance automobile (and other personal property) purchases, but its retroactive effect places many at serious risk because of transactions already on the books.
Next Wednesday, participants will learn (among other things):
- When the MLA now applies and doesn’t apply to the financing of motor vehicle and other personal property purchases
- How the new rule affects lending moving forward
- The problems the new rule creates for loans made or contracts purchased since October 2016
- What steps you should take to identify and deal with transactions made void by the new rule
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