Military Lending Act (MLA) Consumer Financial Protection Bur…. Answer: The MLA applies to active duty servicemembers (including those on active Guard or active Reserve duty), spouses, and certain dependents. It limits the interest rates that may be charged on many types of consumer loans to no more than 36% and provides other important protections. Your rights under the MLA include: A 36% interest cap.
Because of the Military Lending Act’s 36% cap on interest, service members with poor credit may not qualify for MLA-covered loans. Creditors who make loans to service.