Soldiers and Sailors Civil Relief Act

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Soldiers and Sailors Civil Relief Act (SSCRA)

A federal law providing protections for persons who may be handicapped by active military service. Protection is extended to active-duty military personnel (and sometimes their dependents), and to reservists and members of the National Guard who are called up to active federal services.Benefits of the Act include the ability to request interest rate reductions on all debt incurred before entering military service, including mortgage debt but excluding student loans; stop eviction proceedings if the monthly rent is under a preset amount; terminate a residential lease without penalty if the lease was entered into before active military duty; and delay civil lawsuits such as collection cases,bankruptcy,foreclosure,child custody,paternity,and divorce proceedings until after the service member is able to attend proceedings.

References in periodicals archive ?
The current Military Search service allows customers to stay in compliance with the Servicemembers Civil Relief Act (SCRA), which requires that foreclosure attorneys/trustees and mortgage loan servicers check whether borrowers are active duty military members.
45) A referring attorney must also keep in mind that the civilian attorneys may be unfamiliar with issues such as the Servicemembers Civil Relief Act (SCRA) or Uniformed Services Employment and Reemployment Rights Act (USERRA), so the referral should include a detailed explanation of these areas of the law.
These reviews found that the companies complied in the vast majority of cases under the Servicemembers Civil Relief Act (SCRA), as required by the Higher Education Act (HEA).
Evictions, Small Claims and the Servicemembers Civil Relief Act.
In conjunction with President Barack Obama s administration, Wells Fargo & Company today announced it will join with other mortgage servicers in an initiative to help active-duty military mortgage customers understand and take advantage of the financial benefits available to them under the Servicemembers Civil Relief Act (SCRA).
Last month, I co-sponsored the Servicemembers Civil Relief Act (SCRA) Rights Protection Act (S.
The payout announced May 13 settles claims that Sallie Mae violated the Servicemembers Civil Relief Act by overcharging enlisted borrowers.
the enactment of the Servicemembers Civil Relief Act, the 1940 Act
Servicemembers Civil Relief Act (SCRA) Website - Defense Manpower Data Center The SCRA website allows financial institutions, creditors, landlords, etc.
He has substantial experience representing these clients in matters alleging predatory or deceptive lending practices under various state and federal laws, such as the Real Estate Settlement Procedures Act (RESPA), Truth in Lending Act (TILA), Home Ownership and Equity Protection Act (HOEPA), Equal Credit Opportunity Act (ECOA), Fair Debt Collection Practices Act (FDCPA), Fair Credit Reporting Act (FCRA), Servicemembers Civil Relief Act (SCRA), Fair and Accurate Credit Transactions Act (FACTA), and Racketeer Influenced and Corrupt Organizations Act (RICO), as well as state consumer protection, deceptive practice, loan suitability and banking statutes.
Legislation (S 3179) to expand the protections currently available to militaty personnel under the Servicemembers Civil Relief Act (SCRA) has been introduced in Congress.
Citigroup Inc (NYSE: C) is facing legal charges for the likely violation of the Servicemembers Civil Relief Act, after a sergeant in Texas's National Guard alleged that the bank foreclosed on and auctioned his home while he was in training to deploy to Iraq, reports The Wall Street Journal.