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Thousands of Military Members Already Identified as Being Covered By TransUnion’s Military Lending Act Database Search

Approximately one month after the commencement of the new Military Lending Act requirements, TransUnion’s (NYSE: TRU) Military Lending Act Database Search has returned thousands of matches to lenders indicating consumers may be covered by the statute.

The Military Lending Act (MLA) and 2015 Final Rule were passed to protect service members and their families. The rules, which went into effect on Oct. 3, 2016, impact many loan types and impose new requirements upon lenders to both identify and take specific actions with respect to covered borrowers.

Jason Laky, senior vice president and automotive and consumer lending business leader for TransUnion
As Americans across the country celebrate and honor our military branches on Veterans Day, we are proud to say TransUnion’s database search has helped identify thousands of consumers who may be covered by the Military Lending Act. TransUnion is helping lenders easily check the Military Lending Act database at the time they are underwriting their credit to help them identify active duty military members and their qualified dependents.
Jason Laky, senior vice president and automotive and consumer lending business leader for TransUnion

Under the MLA and Final Rule:

  • Lenders are required to verify if a consumer is covered under MLA.
  • 36% is the maximum military annual percentage rate (MAPR) for military members and their covered dependents.
  • MLA coverage now applies to all forms of open- and closed-end credit covered under the Truth in Lending Act (excluded: residential mortgages, federal student loans, traditional DDA overdraft protection, most auto loans – except "covered" loans).

The Military Lending Act Database Search from TransUnion is a fully compliant suite of products that can be used to verify consumer eligibility, and has already helped thousands of lenders comply with the MLA.

For more information about the MLA or TransUnion’s Military Lending Act Database Search, please visit

About TransUnion (NYSE:TRU)

Information is a powerful thing. At TransUnion, we realize that. We are dedicated to finding innovative ways information can be used to help individuals make better and smarter decisions. We help uncover unique stories, trends and insights behind each data point, using historical information as well as alternative data sources. This allows a variety of markets and businesses to better manage risk and consumers to better manage their credit, personal information and identity. Today, TransUnion has a global presence in more than 30 countries and a leading presence in several international markets across North America, Africa, Latin America and Asia. Through the power of information, TransUnion is working to build stronger economies and families and safer communities worldwide.

We call this Information for GoodSM.