Event Calendar

Wednesday, May 29, 2019

Military Lending Act & SCRA: Compliance & Lessons Learned

Start Date: 5/29/2019 1:00 PM MDT
End Date: 5/29/2019 2:30 PM MDT

Organization Name: Independent Bankers of Colorado

Tara F. Hunter
Phone: 303-832-2000

Military Lending Act & SCRA: Compliance & Lessons Learned
1:00 pm – 2:30 pm MT

An important fair lending component that is often overlooked is how to properly extend credit to active duty servicemembers. Two federal laws govern these requirements: the Servicemember’s Civil Relief Act (SCRA) and the Military Lending Act (MLA). This program will identify both the protections afforded to active duty servicemembers on existing loans under the SCRA, as well as the MLA’s compliance requirements for new loans made to active duty servicemembers.


  • Maximum rate of interest on existing extensions of credit under the SCRA
  • Foreclosure protections under the SCRA and how these were affected by the Economic Growth, Regulatory Relief, and Consumer Protection Act
  • Enforcement actions against financial institutions for SCRA violations
  • How to properly calculate the Military Annual Percentage Rate (MAPR) under the MLA
  • Additional disclosure requirements for new credit extended to active duty servicemembers
  • MLA loan product restrictions and limitations
    • Quick reference chart comparing SCRA and MLA compliance requirements
    • Employee training log
    • NEW: Interactive Quiz to measure staff learning
This informative session is designed specifically for lenders, underwriters, lending support staff, collectors, managers, and compliance officers.

Continuing Education: Attendance verification for CE credits upon request.

NOTE:  All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only.


Michael Christians
Michael Christians Consulting, LLC
As principal of Michael Christians Consulting, LLC, Michael assists financial institutions across the country to ensure their compliance programs conform to federal laws and regulations. He provides counsel on current rules, assists with regulatory implementation, and offers customized education and training. Michael has over 20 years’ experience in the financial services industry and focuses on consumer compliance. He obtained a Juris Doctorate from Drake University Law School and was admitted to the Iowa State Bar in 2014.