On July 21, 2015, the Department of Defense (DOD) issued a final rule amending the John Warner National Defense Authorization Act  called the “Military Lending Act” (MLA). The final rule expands coverage of the current regulation to include many non-mortgage related credit transactions covered by the Truth in Lending Act (TILA), as implemented by Regulation Z. It provides safe harbor methods for identifying borrowers covered by the final rule, prohibits the use of certain practices, and amends the content of the required disclosures. The final rule also contains new provisions about administrative enforcement, penalties and remedies. 

See The Gold Book: John Warner National Defense Authorization Act and Military Lending Act.

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