Consumer Credit Limitations for Military Service Members and Dependents - Limits interest to 36 percent MAPR

The rule applies to all persons engaged in the business of extending consumer credit and their assignees. The final rule applies to consumer credit, which the DoD defines as payday loans, vehicle title loans and tax refund anticipation loans that meet specific parameters. For these defined transactions with covered borrowers (covered transactions), the DoD rule. Consumer Credit Limitations for Military Service Members and Dependents - Limits interest to 36 percent MAPR