Military Lending Act Compliance Made Easy With Active Duty Indicator from Clarity Services

Clearwater, Fla. – Clarity Services, the leading subprime consumer credit bureau, announces the enhancement of three standard products to include a new active duty indicator to help verify the status of applicants and their dependents.

Effective October 3, 2016, lenders will be required to comply with an amendment to the Military Lending Act (MLA) concerning new terms for extending credit to service members and their families. The MLA will require

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Clarity’s Compliance Tool Kit

At Clarity, we pride ourselves on being proactive when it comes to regulations. We stay focused on implementing compliance solutions for our customers so they can focus on running their businesses. Clarity has proposed solutions for each of the following items from the CFPB’s rules proposal1 (“Proposed Rules”), created to help our customers achieve compliance and avoid disruptions.

The following summaries are just a representative sample of the Proposed Rules.

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