MLA compliance and SCRA compliance solutions for lenders servicing military consumers
Get updated on best practices and compliance solutions to manage every aspect of the military credit journey — from acquisition to account management and collections.
Members of the U.S. military make the ultimate sacrifice — service to country — so the government has created several protections to assist with “consumer credit” transactions and their financial lives.
Explore Experian’s military lending insights to learn how to serve this audience, adhering to laws such as the MLA and the SCRA.
We can assess the DOD’s database on your behalf to identify MLA-covered borrowers with an MLA indicator on the credit report at the point of origination.
Our solutions provide a safe harbor for creditors ascertaining whether a consumer is covered by the final rule’s protections.
Do away with 24+ hour turnaround time with Experian’s one-stop solution and reduce risk.
Understand everything you need to know about the MLA and what you can do to protect your military credit consumers.
The SCRA protects service members and their dependents (indirectly) on existing debts when the service member becomes active duty. By contrast, the MLA protects service members, their spouses and/or covered dependents at the point of origination if they’re on active duty at that time.
For example, if a service member opens an account with a financial institution and then becomes active military, SCRA protections will apply. On the other hand, if the service member is of active duty status when the service member or dependent is extended credit, then MLA protections will apply.
Both MLA and SCRA protections cease to apply to a credit transaction when the service member ceases to be on active duty status.