What are my rights under the Military Lending Act?
Answer: The Military Lending Act (MLA) says that you can't be charged an interest rate higher than 36% on most types of consumer loans and provides other significant rights.
The MLA applies to active-duty servicemembers (including those on Active Guard or Active Reserve duty) and covered dependents.
Your rights under the MLA include:
A 36% interest cap. You can't be charged more than a 36% Military Annual Percentage Rate (MAPR), which includes the following costs in calculating your interest rate (with some exceptions):
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