Military Lending Act

E641685

United States federal law consumer protection law

The Military Lending Act is a U.S. federal law that provides special consumer credit protections and interest rate caps for active-duty servicemembers and their dependents.

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All labels observed (1)

Label	Occurrences
Military Lending Act canonical	1

Statements (48)

Predicate	Object
instanceOf	United States federal law ⓘ consumer protection law ⓘ
abbreviation	MLA NERFINISHED ⓘ
aimsTo	maintain military readiness by reducing financial stress on servicemembers ⓘ
appliesTo	active-duty servicemembers ⓘ covered dependents of servicemembers ⓘ members of the armed forces on active duty ⓘ
caps	Military Annual Percentage Rate at 36 percent ⓘ
country	United States of America ⓘ surface form: United States
covers	certain credit card accounts for covered borrowers ⓘ certain installment loans to covered borrowers ⓘ certain payday loans to covered borrowers ⓘ certain refund anticipation loans to covered borrowers ⓘ certain vehicle title loans to covered borrowers ⓘ
defines	covered borrower status for servicemembers and dependents ⓘ
enforcedBy	Consumer Financial Protection Bureau NERFINISHED ⓘ Federal Trade Commission NERFINISHED ⓘ U.S. Department of Defense NERFINISHED ⓘ federal financial regulators ⓘ
implementedBy	U.S. Department of Defense regulations ⓘ
imposes	36 percent Military Annual Percentage Rate cap ⓘ
jurisdiction	United States of America ⓘ surface form: United States
legalEffect	noncompliant contracts are void from inception ⓘ
MAPRIncludes	add-on product costs ⓘ certain fees ⓘ
MAPRIncludes	credit insurance premiums ⓘ
MAPRIncludes	interest ⓘ
prohibits	prepayment penalties on covered loans ⓘ requiring arbitration agreements for covered credit ⓘ rollovers and renewals that evade the law ⓘ using a check or access to a bank account as security in certain covered loans ⓘ
protects	covered borrowers from certain abusive credit terms ⓘ covered borrowers from excessive interest rates ⓘ
provides	civil remedies for violations ⓘ criminal penalties for knowing violations ⓘ
purpose	to limit the cost of consumer credit to covered borrowers ⓘ to prevent predatory lending practices targeting servicemembers ⓘ to provide consumer credit protections to covered servicemembers and their dependents ⓘ
regulates	consumer credit extended to covered borrowers ⓘ terms of certain high-cost credit products ⓘ
relatedTo	Servicemembers Civil Relief Act NERFINISHED ⓘ
requires	creditors to verify military status of borrowers ⓘ written and oral disclosures of MAPR and payment obligations ⓘ
sector	financial services regulation ⓘ
subjectOf	Department of Defense implementing regulations NERFINISHED ⓘ enforcement actions against noncompliant lenders ⓘ guidance by the Consumer Financial Protection Bureau ⓘ
typeOfRate	Military Annual Percentage Rate ⓘ

How these facts were elicited

The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.

Instruction

You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10.

# Requirements
- If you don't know the subject at all, return an empty list.
- If the subject is not a named entity, return an empty list.
- Include at least one triple where predicate is "instanceOf".
- Do not get too wordy.
- Separate several objects into multiple triples with one object.

Input

Subject: Military Lending Act
Description of subject: The Military Lending Act is a U.S. federal law that provides special consumer credit protections and interest rate caps for active-duty servicemembers and their dependents.

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

Servicemembers Civil Relief Act → relatedTo → Military Lending Act ⓘ