Related Laws
MLA (Military Lending Act)
10 U.S.C. § 987
Definition
A separate federal law (not part of SCRA) that protects active duty servicemembers and their dependents from predatory lending. MLA caps interest at 36% on certain loans and applies to debts incurred DURING service, unlike SCRA which covers pre-service debts.
Legal Reference
This term is defined in 10 U.S.C. § 987 of the Servicemembers Civil Relief Act.