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Home » 4th Circuit affirms GAP inclusion does not nullify auto loan exemption from MLA

4th Circuit affirms GAP inclusion does not nullify auto loan exemption from MLA

Court issued its opinion on Wednesday

Joey PizzolatobyJoey Pizzolato
January 2, 2024
in Compliance
Reading Time: 2 mins read
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4th Circuit affirms GAP inclusion does not nullify auto loan exemption from MLA

Source: FederalCourt.Press

A 4th Circuit Court of Appeals decision on Wednesday affirmed a lower court’s finding that the inclusion of guaranteed asset protection insurance in an automotive retail installment contract did not preclude the auto loan exemption in the Military Lending Act. The Military Lending Act (MLA) was enacted in 2006 to shield military service members from […]

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