Thread Options
#2228350 - 01/07/20 02:01 PM Did Foreclosure Extension revert back to 90 days?
Soccer Offline
Platinum Poster
Joined: Jan 2010
Posts: 994
Utopia
I had this in my calendar for the end of the year, but haven't seen anything that it did revert back to the 90 days. Does anyone know if it truly happened? Or did I miss a permanent extension?



SCRA extension of 90 to 1 year after active duty for foreclosure is sun setting 12/31/19
_________________________
Everything happens for a reason

Return to Top
Lending to Servicemembers (SCRA, JWNDAA), War, Terrorism
#2228370 - 01/07/20 04:52 PM Re: Did Foreclosure Extension revert back to 90 days? Soccer
StevenD Offline
Gold Star
StevenD
Joined: Nov 2000
Posts: 489
KY
I believe that provision became permanent as part of the EGRCPA of May 2018.
_________________________
Opinion expressed are my own and not necessarily those of my employer.

Return to Top
#2228371 - 01/07/20 04:53 PM Re: Did Foreclosure Extension revert back to 90 days? Soccer
StevenD Offline
Gold Star
StevenD
Joined: Nov 2000
Posts: 489
KY
See section 313 -- permanent change to one year.
_________________________
Opinion expressed are my own and not necessarily those of my employer.

Return to Top
#2229447 - 01/22/20 09:00 PM Re: Did Foreclosure Extension revert back to 90 days? Soccer
John Burnett Offline
10K Club
John Burnett
Joined: Oct 2000
Posts: 38,942
Cape Cod
We have section 303 of the SCRA (50 U.S.C. 3953) in BankersOnline's Regulations pages (https://www.bankersonline.com/regulations/scra-3953) annotated to indicate, "In sections 3953 (b) and (c), "90 days" was permanently changed to "one year" by section 313 of the Economic Growth, Regulatory Relief, and Consumer Protection Act of 2018" since EGRRCPA was enacted.
_________________________
John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
Bankers' Threads User #8

Return to Top

Moderator:  Andy_Z