11th Circuit Agrees That Timeshare Loans Are Covered By Military Lending Act

( September 18, 2024, 8:13 AM EDT) -- ATLANTA — An 11th Circuit panel affirmed a trial court’s determination that timeshare loans do not fall within the Military Lending Act’s (MLA) exception for “residential mortgages” and that the MLA overrides the Federal Arbitration Act (FAA) but dismissed an appeal by a timeshare resort company seeking to compel arbitration of a putative class lawsuit accusing it of extending consumer credit in violation of the MLA, opining that the panel lacked jurisdiction over the interlocutory appeal....