Ensure Compliance with MLA Act Verification Software

Check if applicants are covered under military lending act

Book a Demo

What is a MLA Act Verification Software?

In the realm of financial services, compliance with the Military Lending Act (MLA) is paramount. Safeguard your organization against regulatory risks and maintain adherence to MLA guidelines with our MLA Act Verification Software. Simplify compliance management and protect your business with confidence.
‍
Loans Covered Under The MLA Include:
Certain payday loans, Vehicle title loans, Tax Refund Anticipation Loans (RALs), Deposit advance loans, Unsecured open-end lines of credit, Credit cards (Effective October 2017)

dotted arrow
SMS

Soft Credit check via SMS

A client texts the word "Go" to your Monitor Base phone number, they instantly gets a link where they provide their name and address and see the loan programs they credit pre-qualify for in seconds.

Mail

Soft Credit check via Email

A client clicks a SoftPull button in you or your agent's email where they provide their name and address and see the loan programs they credit pre-qualify for in seconds.

WEB

Soft Credit check on your Website

Integrate our webforms and customers who visit your website can enter the details and you will be instantly notified if they meet the eligibility criteria

SMS

Judgements

A civil judgment occurs when a creditor wins a lawsuit over an unpaid debt, which can even include overdue child support. This legal action grants creditors new avenues to recover funds, such as seizing assets from bank accounts. Judgments affect loan eligibility, alongside credit profiles, underscoring their importance in financial decisions. Our verification service ensures thorough assessment of such factors, aiding informed decisions.

Mail

Liens

Tax liens are filed by the IRS against tax delinquents, automatically triggered for debts exceeding $10,000. These liens enable the IRS to claim proceeds from asset sales to cover unpaid taxes. While not on credit reports, tax liens impede financial stability, affecting loan repayment capacity. Our software employs advanced algorithms and comprehensive databases to assess bankruptcy, liens, and judgments, aiding businesses in evaluating lending risks effectively.

WEB

What we offer

Comprehensive MLA Act Verification Solutions

Our MLA Act Verification Software offers comprehensive solutions tailored to meet your compliance needs

Automated Verification

Streamline the verification process with our automated software, ensuring accurate and timely checks against MLA guidelines.

Seamless Integration

Easily integrate our software with your existing systems for seamless operations and enhanced efficiency.

Customized Reporting

Generate detailed reports to demonstrate compliance with MLA requirements and facilitate auditing processes.

Dedicated Support

Access our dedicated support team for assistance with implementation, training, and ongoing support, ensuring a smooth compliance journey.

Real-Time Monitoring

Receive instant notifications of any changes to MLA regulations or updates, allowing proactive compliance management.

FEATURES

Cutting-Edge Features for Enhanced Compliance

Book a Demo
one

MLA Compliance Checks

Conduct thorough verification checks to ensure compliance with MLA regulations, including limitations on interest rates, fees, and other provisions.

two

Identity Verification

Verify the identity of borrowers to ensure they qualify for the protections offered under the MLA.

three

Loan Product Validation

Validate loan products to ensure they meet MLA requirements and do not exceed specified limitations.

Four

Document Management

Manage documentation related to MLA compliance, including borrower agreements, disclosures, and other required documents

five

Audit Trail

Maintain a comprehensive audit trail of all MLA verification activities for regulatory purposes and internal audits.

arrow dotted

Trusted
Compliance Partner

By choosing Credit Decision Engine for your bank verification needs, you'll experience a wide range of benefits
Icon button

Expertise

Benefit from our extensive experience in compliance solutions, with a deep understanding of regulatory requirements and industry best practices.

Icon button

Reliability

Rely on our software for accurate and reliable MLA verification, backed by robust technology and a commitment to excellence.

Icon button

Flexibility

Customize our software to suit your organization's unique compliance needs and operational requirements, ensuring a tailored solution that meets your specific goals.

Icon button

Compliance Guarantee

Manage documentation related to MLA compliance, including borrower agreements, disclosures, and other required documents

Soft pull and Hard pull (Heading missing)

Data on the Reports

Soft Pulls

Hard Pulls

FICO® Scores
checkmark
checkmark
Tradelines
checkmark
checkmark
Inquiries
checkmark
checkmark
Collections
checkmark
checkmark
Public Records
checkmark
checkmark
Employment History
checkmark
checkmark
Potentially Lowers Score
cross mark
checkmark
Places Hard Inquiry on Report
cross mark
checkmark
Requires SSN
cross mark
checkmark
Requires Date of Birth
cross mark
checkmark
Can Present Terms to Client
checkmark
checkmark
Can Effectuate a Loan
cross mark
checkmark
Requires Borrower's Consent
checkmark
checkmark
Impact on Credit Score
Minimal or None
Can decrease
Frequency of Use
Multiple times
Limited
Time to Reflect on Report
Generally faster
Takes time

How it works

01
Sign Up

Create an account with Credit Raptor and subscribe to our services.

02
Customize Settings

Tailor the platform to your business needs, including selecting data providers and configuring compliance settings

03
Conduct Inquiries

Enter customer information and initiate hard credit inquiries with just a few clicks

04
Access Reports

Receive instant access to comprehensive credit reports, allowing you to make informed decisions quickly.

05
Ensure Compliance

Monitor compliance status and generate compliance reports effortlessly using our built-in features

What Our Clients Are Saying

Don't just take our word for it – hear what our clients have to say about their experience with our software Credit Raptor

"Since implementing CreditRaptor, our verification process has become more efficient than ever. The instant verification feature has allowed us to make faster lending decisions and improve customer satisfaction."

John Doe

CEO of XYZ Lending

"We were blown away by the level of support and expertise provided by the CreditRaptor team. Their platform has transformed our verification process and helped us stay ahead of the competition."

Jane Smith

CFO of ABC Bank

Shaun Lee

Marketing Manager
Linkldn

Mary Sombra

Marketing Manager
Linkldn

Don't let MLA compliance challenges hinder your business. Take control with our MLA Act Verification Software and ensure adherence to regulatory requirements with ease. Get started today to protect your organization, mitigate risks, and maintain compliance with confidence. Request a demo or contact us to learn more.

Still not sure ?
To learn how credit report data can be leveraged to gain business benefits
Schedule a Demo
To leverage data from credit reports for strategic business benefits
Copyright © ePsolutions Inc. All rights reserved.
Austin, TX:13785 Research Blvd Suite 125,Austin, TX 78750, United States
Privacy Policy