In general, the Military Lending Act applies to any type of consumer credit (think Regulation Z) where a member (or dependent) of the military is serving on active duty at the time they become obligated for a loan or line of credit. While financial institutions are allowed to come up with their own method to determine covered borrower status, there are only a couple that provide a safe harbor, as long as a record of the check is retained. These include checking the MLA Database or obtaining a verification via a credit reporting agency.
Kevin explains more in the video.
Published 2026/03/16