MLA MAPR Calculator

Live. Military Lending Act: the real MAPR with the fees Reg Z leaves out, and whether credit to a covered borrower is over 36% (void).

Send up to 2,000 loans or open-end billing cycles with the amount, payments and every charge. Computes the Military Annual Percentage Rate under 32 CFR 232.4: closed-end by the Reg Z actuarial method, open-end by charges / balance x cycles, counting credit insurance, debt cancellation or suspension, ancillary products, application and participation fees even when Reg Z leaves them out of the finance charge; bona fide reasonable fees excluded only on credit cards; the no-balance cycle rule. Flags MAPR over 36% (the agreement is void from inception for a covered borrower), shows the maximum payment or charges at 36% and the gap to the disclosed APR, and lists the 232.3(f)(2) exclusions. Does not check covered status. Not legal advice. Nothing stored.

Price: $0.001 per call after 1,000 free per month.

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