DoD Reports MLA Website Malfunction

Due to a malfunction, the Department of Defense’s Military Lending Act website was unable to process a total of 149 request files between Feb. 9 and Feb. 15, according to a notice posted on the site. The DoD recommends that creditors who submitted multiple record request files between those dates re-submit their files for processing.

Under the MLA final rule, verifying credit information using the MLA website is one of the safe-harbor methods creditors can use to conclusively determine whether a credit applicant is covered under MLA protections. Lenders are required to verify whether a loan applicant is covered under the MLA to make certain borrowers receive appropriate disclosures and protections. For more information, contact ABA’s Nessa Feddis.


About Author

Evan Sparks

Evan Sparks is editor-in-chief of the ABA Banking Journal and vice president for publications at the American Bankers Association.