When Are Servicemembers Entitled to Lower Interest Rates?
Тhe Servicemembers Civil Relief Act (“SCRA”) protects servicemembers from some court actions and financial costs. One SCRA benefit involves lower interest rates.
Under the SCRA, which Congress enacted to relieve servicemembers of some worries back home while they are out
Lenders May Enjoy Relaxed Military Lending Act Rules
President Trump is loosening restrictions on protections for servicemembers, according to a recent NPR story.
The changes, if enacted, will come via the Military Lending Act rules. This law, similar to the Servicemembers Civil Relief Act, provides protection to …
View moreThe SCRA and Foreclosure
The SCRA and foreclosure efforts are closely intertwined. prohibits foreclosures on any deployed servicemember (and, under their dependents if they seek court relief) while the servicemember is deployed and for up to a year after they return.
The Servicemembers Civil …
View moreSCRA Protects Servicemembers’ Dependents Too
Lenders, landlords, people who rent storage lockers and other things to the public, must always be vigilant about staying in compliance with the SCRA. Servicemembers’ dependents may also enjoy some protections.
The Servicemembers Civil Relief Act, a federal law that …
View moreLenders Must Comply With SCRA Protections
SCRA protections are not to be taken lightly. Violating the Servicemembers Civil Relief Act carries serious penalties. But so few of lenders’ clients are servicemembers — is the risk really that high?
Think of the attention lenders must pay to …
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