Which act regulates lending practices specifically for military personnel?

The Military Lending Act is the legislation specifically designed to protect military personnel and their dependents in relation to certain lending practices. This act places specific restrictions and provides safeguards against predatory lending practices that could adversely affect service members. It limits the costs associated with loans, requires clear disclosure of terms, and prohibits lending practices that could jeopardize the financial stability of military families.

While there are various acts that pertain to different aspects of lending, the Military Lending Act is distinct in its focus on the unique situations and needs of military members. Other options, such as the Military Assistance Loan Act and the National Military Lending Act, do not exist under that name or may overlap with provisions in the Military Lending Act but do not serve the same comprehensive purpose and protections outlined in the correct answer. Therefore, the Military Lending Act is the right choice as it directly addresses the regulations surrounding financial transactions involving military personnel.