(ON DEMAND) Complying with Final Military Lending Act Rule Changes Effective October 3, 2016

Email to order the Archived Webinar + Free Digital Download

The penalties for a violation of the Military Lending Act are severe. Will you be ready?

Effective October 3, 2016, the Military Lending Act (MLA) will expand its coverage to banks for the first time. This will require substantial changes to loan operations. For example, the Military Lending Act’s requirements are completely different from the requirements of the Servicemembers Civil Relief Act (SCRA). The penalties for a violation of the MLA are severe – damages of not less than $500 per violation, plus punitive damages and attorney fees. Will you be ready on October 3? 

This webinar will explain everything that needs to be done to comply with the Military Lending Act. It will also explain the differences between the MLA and SCRA to ensure compliance with both.

HIGHLIGHTS
Which MLA requirements will apply to your institution?
Which service members and dependents are covered by the MLA?
What are the required disclosures and when must they be given?
How to qualify for the safe harbor provisions
Differences between the MLA and the SCRA

TAKE-AWAY TOOLKIT
Model form of the MLA’s required disclosures
Employee training log
Quiz you can administer to measure staff learning and a separate answer key

Can’t wait until August to start planning?
ORDER THIS RELATED ARCHIVED WEBINAR!
Expanded Financial Protections Under the New Military Lending Act,  Including SCRA Update Held on Monday, September 21, 2015.
You can order an archive of the live webinar, complete with handout materials.

Attendance verification for CE credits provided upon request.

WHO SHOULD ATTEND? All loan personnel including loan officers, loan operations, credit administration, managers, collectors, compliance officers and attorneys.

ABOUT THE PRESENTER – Elizabeth Fast, JD, CPA, Spencer Fane LLP, a partner where she specializes in the representation of financial institutions. Elizabeth is the head of the firm’s training division. She received her law degree from the University of Kansas and her undergraduate degree from Pittsburg State University. In addition, she has a Master of Business Administration degree and she is a Certified Public Accountant. Before joining Spencer Fane, she was General Counsel, Senior Vice President, and Corporate Secretary of a $9 billion bank with more than 130 branches, where she managed all legal, regulatory, and compliance functions. She is a member of the Missouri State Banking Board by appointment of the Governor.