Has anyone read Section 108 of Title I General Provisions? I should ask does any one understand it? I am trying to determine if it is appropriate to report delinquencies on loans covered by SCRA.
There are just too many "NOT"s in this section for me.
"Sec 108 EXERCISE OF RIGHTS UNDER ACT
NOT TO AFFECT CERTAIN FUTURE FINANCIAL TRANSACTIONS. Application by a servicemember for. or receipt by a servicemember of, a stay, postponement or suspension pursuant to this Act in the payment of a . . . liability of that servicemember shall
NOT itself . . . provide the basis for any of the following: . . . (3) An adverse report relating to the creditworthiness of the servicemember by or to a person engaged in the practice of assembling or evaluating consumer credit information."
Please let me know if this means we should or should
NOT report delinquent loans to the credit bureau.
Thanks
, but wants to meet the spirit of this Act