Archived Webinar

The New Military Lending Act Regulations
A NorthLegal Webinar Presented August 30, 2016
Duration: Approximately 1:30 hr:min

Cost/Registration | How to Attend a Webinar

Enroll Now

Click here to register to watch this program with a coupon code or using a credit card. Call NorthLegal at 623.537.7150 to discuss registration by any other method.

Handout Materials

After enrolling, click here to obtain the handout materials in PDF. Then contact NorthLegal (623.537.7150) to obtain the password you will need to open those materials.


Compliance with the amended Military Lending Act regulations becomes mandatory on October 3. Are you ready?

The Military Lending Act ("MLA") was enacted to protect members of the military and some of their dependents from predatory lending. The new regulations do that by:

 limiting the interest rate that may be charged (and by telling lenders how to compute that rate),

 prohibiting contracts from including certain provisions, and

 requiring lenders to make certain disclosures.

Lenders have a duty to take affirmative steps to find out which borrowers are covered; they may not wait for borrowers to tell them.

Penalties for noncompliance with the new regulations can be serious, and include invalidating the loan in its entirety and/or punitive damages.

During this program, attorney Eric North talks with participants about—

Various ways you can determine which credit applicants are covered by the MLA regulations—even those covered because they are "dependents" of someone serving in the military.
Which credit products are covered by the MLA regulations. (After October 3 the list will be much longer than it is now.)
What happens when a borrower who was not covered begins service, or when a covered borrower leaves service.
How to calculate the "military annual percentage rate."
What written disclosures are required by the new MLA regulations.
What oral disclosures are required, and how to give them.
What exceptions apply.

For more information, contact NorthLegal at 623.537.7150. Click here to register using a credit card.

NOTE: This program is intended for employees of consumer lending institutions. Please contact NorthLegal Training and Publications to obtain approval before registering if you are not an employee of a consumer lending institution.

The fee to attend this archived program is $160.00 if paid by credit card or $170.00 if paid by check. For that fee, you or someone from your financial institution may view this program as often as you like for a period of 180 days. (NOTE: If your financial institution registered for the live program, you already have free access to the archvied version for 180 days! Contact NorthLegal for information.)

How to Attend a Prerecorded Webinar
To attend this NorthLegal Webinar, please do the following:

Register.  To register online using a credit card, visit the "Enroll Now" link shown in the box at the top of this page. To register by mail, call NorthLegal at 623.537.7150.
Check your email. Within moments after you complete the registration process you should receive two emails.  One will be a receipt for the transaction and the other will contain a link and detailed instructions explaining how to use that link to attend the program. 
Download the handout materials by clicking the "Handout" link shown above.
Call NorthLegal to obtain the password to open the handout materials.


» Archived NorthLegal Webinars
» 2016 NorthLegal Conferences

Speaker: Eric North

Eric North, the primary speaker at the programs listed on this site, has represented the interests of credit unions and other financial institutions as an attorney with respect to litigation, compliance, governance, bankruptcy and collections matters since 1984. Eric has appeared in state and federal courts throughout the State of California, and has argued before the Ninth Circuit Court of Appeal.

Eric is also a nationally recognized speaker on legal issues relating to consumer lending institutions, and has presented hundreds of programs on behalf of national, state and local leagues and associations from around the country.
Watching your training budget? NorthLegal Webinars allow you to train multiple employees for one low fee.

Webinar scheduling conflict? No problem. Now if you register for a NorthLegal Webinar before the program begins entitles you to watch it live AND to watch the archived version as many times as you like for 30 days!  If you can't make the live program, you still have plenty of time to watch at a time that is more convenient for you!