The Military Lending Act (MLA) should not be confused with the requirements under the Servicemember’s Civil Relief Act (SCRA).
None of the provisions or requirements of SCRA are affected by the MLA. While the SCRA covers credit accounts opened by a service member PRIOR to his or her term of active duty military service, the MLA covers credit accounts opened by a service member (or another covered borrower) DURING the servicemember’s term of active duty military service.