The MLA is a federal law that protects active-duty Service Members, their spouses, and certain dependents from predatory lending by placing a 36% Military Annual Percentage Rate (MAPR) cap on many types of consumer credit.
The MLA is a federal law that protects active-duty Service Members, their spouses, and certain dependents from predatory lending by placing a 36% Military Annual Percentage Rate (MAPR) cap on many types of consumer credit.
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