Military consumer credit protections

Military Lending Act

Statute and implementing regulation

10 U.S.C. § 987 and 32 CFR Part 232

Review the Military Lending Act’s statutory provisions alongside the Department of Defense regulation governing covered consumer credit.

Sources verified July 27, 2026. Coverage depends on borrower status, timing, credit type, exclusions, and other facts. This directory does not determine whether a transaction is covered.
Military Lending Act

10 U.S.C. § 987

Statutory structure
10 U.S.C. § 987(a)

Interest

Official text addressing interest. Review scope, definitions, exceptions, timing, and remedies in the linked source before relying on this provision.

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10 U.S.C. § 987(b)

Annual percentage rate

Official text addressing annual percentage rate. Review scope, definitions, exceptions, timing, and remedies in the linked source before relying on this provision.

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10 U.S.C. § 987(c)

Mandatory loan disclosures

Official text addressing mandatory loan disclosures. Review scope, definitions, exceptions, timing, and remedies in the linked source before relying on this provision.

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10 U.S.C. § 987(d)

Preemption

Official text addressing preemption. Review scope, definitions, exceptions, timing, and remedies in the linked source before relying on this provision.

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10 U.S.C. § 987(e)

Limitations

Official text addressing limitations. Review scope, definitions, exceptions, timing, and remedies in the linked source before relying on this provision.

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10 U.S.C. § 987(f)

Penalties and remedies

Official text addressing penalties and remedies. Review scope, definitions, exceptions, timing, and remedies in the linked source before relying on this provision.

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10 U.S.C. § 987(g)

Servicemembers Civil Relief Act protections unaffected

Official text addressing servicemembers Civil Relief Act protections unaffected. Review scope, definitions, exceptions, timing, and remedies in the linked source before relying on this provision.

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10 U.S.C. § 987(h)

Regulations

Official text addressing regulations. Review scope, definitions, exceptions, timing, and remedies in the linked source before relying on this provision.

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10 U.S.C. § 987(i)

Definitions

Official text addressing definitions. Review scope, definitions, exceptions, timing, and remedies in the linked source before relying on this provision.

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Department of Defense regulation

32 CFR Part 232

§§ 232.1–232.13
32 CFR § 232.1

Authority, purpose, and coverage

Official text addressing authority, purpose, and coverage. Review scope, definitions, exceptions, timing, and remedies in the linked source before relying on this provision.

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32 CFR § 232.2

Applicability; examples

Official text addressing applicability; examples. Review scope, definitions, exceptions, timing, and remedies in the linked source before relying on this provision.

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32 CFR § 232.3

Definitions

Official text addressing definitions. Review scope, definitions, exceptions, timing, and remedies in the linked source before relying on this provision.

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32 CFR § 232.4

Terms of consumer credit extended to covered borrowers

Official text addressing terms of consumer credit extended to covered borrowers. Review scope, definitions, exceptions, timing, and remedies in the linked source before relying on this provision.

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32 CFR § 232.5

Optional identification of covered borrower

Official text addressing optional identification of covered borrower. Review scope, definitions, exceptions, timing, and remedies in the linked source before relying on this provision.

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32 CFR § 232.6

Mandatory loan disclosures

Official text addressing mandatory loan disclosures. Review scope, definitions, exceptions, timing, and remedies in the linked source before relying on this provision.

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32 CFR § 232.7

Preemption

Official text addressing preemption. Review scope, definitions, exceptions, timing, and remedies in the linked source before relying on this provision.

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32 CFR § 232.8

Limitations

Official text addressing limitations. Review scope, definitions, exceptions, timing, and remedies in the linked source before relying on this provision.

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32 CFR § 232.9

Penalties and remedies

Official text addressing penalties and remedies. Review scope, definitions, exceptions, timing, and remedies in the linked source before relying on this provision.

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32 CFR § 232.10

Administrative enforcement

Official text addressing administrative enforcement. Review scope, definitions, exceptions, timing, and remedies in the linked source before relying on this provision.

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32 CFR § 232.11

Servicemembers Civil Relief Act protections unaffected

Official text addressing servicemembers Civil Relief Act protections unaffected. Review scope, definitions, exceptions, timing, and remedies in the linked source before relying on this provision.

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32 CFR § 232.12

Effective dates

Official text addressing effective dates. Review scope, definitions, exceptions, timing, and remedies in the linked source before relying on this provision.

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32 CFR § 232.13

Compliance dates

Official text addressing compliance dates. Review scope, definitions, exceptions, timing, and remedies in the linked source before relying on this provision.

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