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MoFo Reenforcement The Enforcement Blog

Department of Defense Publishes Amends and Adds Further Guidance on Military Lending Act Regulations

Posted in Fair Lending, Military Issues

On December 14, 2017, the Department of Defense published final interpretive rules (the “2017 Interpretive Rule”) amending previously issued interpretive rules on the Military Lending Act. The 2017 Interpretive Rule amends and replaces three specific questions and answers in the interpretive rules issued by the DOD in August 2016, while also adding a new question. Although the 2017 Interpretive Rule clarifies several ambiguities in the regulation, the limited scope of the Rule leaves many questions unanswered.

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