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Our MAPR calculations are free to use until 1/31/2018. At that time you will need to subscribe to have access to these calculators. The cost is $10 per month, and you can cancel at anytime. Your subscription will provide you with unlimited use of the MAPR calculators and their reports. Please use the PayPal link below to complete your subscription:

Click here to see MAPR Disclosure Example

Click here to try the MAPR Disclosure Calculator

Once you have completed your subscription payment we will email you a password to use with your email name to log into the calculators. You will need this after 1/31/2018 to access the MAPR calculators. Thank you for your interest in our calculators!
MAPR calculator for Closed-End LoansUse this calculator to find the Military Annual Percentage Rate (MAPR) on a closed-end loan where you don't know the monthly payment.
MAPR calculator for Closed-End Loans with Known Monthly PaymentUse this calculator to determine a Miltary Annual Percentage Rate (MAPR) for a closed-end loan where you know the fixed monthly payment.
MAPR calculator for Open-End LoansUse this calculator to find the Military Annual Percentage Rate (MAPR) on a open-end loan such as a credit card or revolving credit.
MAPR Calculator with Printable DisclosureUse this calculator to determine a MAPR and to print a sample disclosure document.

Federal law provides important protections to members of the Armed Forces and their dependents relating to extensions of consumer credit. In general, the cost of consumer credit to a member of the Armed Forces and his or her dependent may not exceed an annual percent-age rate of 36 percent. This rate must include, as applicable to the credit transaction or account: The costs associated with credit insurance premiums; fees for ancillary products sold in connection with the credit transaction; any application fee charged (other than certain application fees for specified credit transactions or accounts); and any participation fee charged (other than certain participation fees for a credit card account). These fees can include:

Credit insurance
Fee for credit insurance.
Debt cancellation
Fee for a debt cancellation contract.
Debt suspension
Fee for a debt suspension agreement.
Credit-related ancillary product sold
Fee for a credit-related ancillary product sold in connection with the credit transaction.
Plan participation fee
Any fee imposed for participation in any plan. The MLA rule excludes an application fee charged by a Federal Credit Union, or an insured depositary institution, when making a short-term, small amount closed-end loan that is subject to and made in accordance with a Federal law. One application fee per rolling 12 month period is not included in the MAPR.
Other fees
Any other fees that should be included in the MAPR calculation. These fees can vary by lender, but at a minimum usually includes prepaid interest.

The Rule takes effect on October 1, 2015. Compliance will be required by October 3, 2016. There is a two-year exemption for credit card accounts until October 3, 2017.

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