Military Lending Act (MLA) NCUA Q&A – What is a Dwelling

Compliance > Lending > Service Members > Military Lending Act
Q:  What does the MLA consider to be a dwelling?”
 
A:   Under the regulation, a dwelling means a residential structure that contains one to four units, whether or not the structure is attached to real property.  The term includes an individual condo unit, cooperative unit, mobile home, and manufactured home.
 
 
 
 
 
 
ADDITIONAL INFORMATION – This Q&A was included in the NCUA’s June 2016 webinar entitled “Preparing to Comply with Regulatory Changes under the Military Lending Act.”  To listen to the audio and view the slides, interested parties may find that information here:  https://event.on24.com/eventRegistration/EventLobbyServlet?target=registration.jsp&eventid=1186523&sessionid=1&key=72023B4705907CDD0D194100B89E5D11&sourcepage=register
 

Add Feedback