Servicemembers Civil Relief Act, formerly the Soldiers' and Sailors' Civil Relief Act

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BOL's Servicemembers Civil Relief Act Page
(The SCRA amends/rewrites the SSCRA)

On 12/19/03, the Servicemembers Civil Relief Act became law. It rewrites and amends the Soldiers' and Sailors' Civil Relief Act of 1940. A hypertext version of the new law (which took effect upon signing) may be accessed through BOL's Alphabet Soup section. SCRA.

SCRA Video Presentation by Mary Beth Guard -- 17 minute streaming video presentation explaining the major provisions of the Servicemembers Civil Relief Act.

Some of the articles and regulatory issuances linked to below reflect opinions and views relating to the old SSCRA, while others pertain to the new SCRA.

BOL Exclusive
--Final Rule on Terms of Credit to Service Members and Dependents
--Proposed Limitations on Terms of Credit to Service Members and Dependents
--DoD Questions for Comments
--A New Usury Law Coming to You - Prepare and Respond
--SCRA Notice in Past Due Mortgage Notices?
--SCRA � Report Delinquent History on Credit Report
--SCRA � Is 6% the Interest Rate or the APR?
--SCRA � When Does Active Duty Begin?
--Banks and the Servicemembers Civil Relief Act (SCRA)
--Entitled to SCRA Relief?
--SCRA Notice - Mortgage Only or All Borrowers?
--SCRA - Finalized HUD Notice
--Determining Reduced Payment Amount under SCRA
--SCRA and Sub-6% Mortgage Loan
--What is "Active Duty" Under the SCRA?
--Is this Servicemember Protected by SCRA?
--Interest rates for servicemembers
--SCRA and Loan to Estate
--SCRA: How Far Back Does Relief Go?
--SCRA & Student Loans
--What is Active Duty for SCRA?
--SCRA and the Interest Rate Reduction Requirement
--SCRA Q&As
--SCRA Rate on Student Loans
--New federal law addresses bank, military service member relations
--SCRA records retention
--Overdrawn Accounts and the SSCRA
--Military leave
--IRS Levy and the SSCRA
--Debiting a Military Customer's Account
--SSCRA & Rate Caps
--SSCRA Rate Adjustment
--SSCRA Applicable to Enlistees?
--Military Dependants Eligible For SSCRA Benefits?
--Military ID Cards
--SSCRA Rate Reductions & Timing
--Understanding the Soldiers' and Sailors' Civil Relief Act of 1940
--Q & As on SSCRA
--MORE Q & As on the Soldiers' and Sailors' Civil Relief Act
--SSCRA - Civil Relief for the Military - from Compliance Action
--Reservist Achieves Victory Under SSCRA: What Every Lender Should Know
--SSCRA -- the old Statutes (BOL's PDF version of the sections of the law which are relevant to bankers)

War, Terrorism and SSCRA Bankers' Threads

Regulatory Issuances
FDIC FIL: Consumer Protection for Service Members

FDIC FIL: Affordable Small-Dollar Loan Products Final Guidelines

DOD Final Rule: Limitations on Terms of Consumer Credit Extended to Service Members and Dependents

Interagency Statement on Working with Mortgage Borrowers (Includes Servicemembers - issued 4/18/07)

HUD's service member notice

The FDIC reminds financial institutions of requirements of the Soldiers' and Sailors' Civil Relief Act. (issued 12/9/02)

SBA Military Reservist Economic Injury Disaster Loan Program (MREIDL) Fact Sheet (PDF)

OCC - SCRA Guidance Amended by HERA (issued 10/24/08)

OTS Guidance on SSCRA (issued 9/28/01)

Soldiers' and Sailors' Civil Relief Act of 1940 -- from Historic Government Publications from World War II. Includes the 1942 amendments.

Explanation of Act for service members from the American Forces Information Services

Further Explanation from American Forces Information Services -- also geared toward service members

SCRA Checklist-- from the Air Force

SCRA Info -- also geared toward service members

Soldiers' and Sailors' Civil Relief Act info - from the Navy JAG

Soldiers' and Sailors' Civil Relief Act - from the US Military

SCRAct Guide - from the Coast Guard

SCRA Overview - from Military.com

First published on BankersOnline.com 9/27/01. Updated 5/06/09.

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