 TITLE: What Is a Payday Loan and How Does It Work? CONTENT: What if I Am in the Military?\n-----------------------------\nIf you're an active-duty service member or a dependent of one, there are protections in place for service members through the Military Lending Act (MLA). The extended MLA protections include a 36% Military Annual Percentage Rate (MAPR) cap to a wider range of credit products, including payday loans, vehicle title loans, refund application loans, deposit advance loans, installment loans and unsecured open-end lines of credit.\nThe cap additionally applies to fees tacked on for credit-related ancillary products, including finance charges and certain application and participation fees. END