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#2278738 - 12/13/22 05:20 PM SCRA question Safe Deposit Boxes
BSAguy Offline
Gold Star
Joined: Aug 2007
Posts: 297
We have a safe deposit box that needs to be drilled for non-payment. The box holder is a legal entity. Do we need to complete an SCRA search of the individuals behind the legal entity?

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Lending to Servicemembers (SCRA, JWNDAA), War, Terrorism
#2278756 - 12/14/22 01:49 AM Re: SCRA question Safe Deposit Boxes BSAguy
Patriot Offline
Junior Member
Joined: Apr 2016
Posts: 29
I do not believe you would need to search the database for a Legal Entity, only natural persons.
Last edited by Patriot; 12/14/22 01:52 AM.
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#2278760 - 12/14/22 02:56 PM Re: SCRA question Safe Deposit Boxes BSAguy
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 47,486
Bloomington, IN

If the individual behind the legal entity is also individually liable on the safe deposit box lease then I would say they are entitled to the SCRA protection if they are an active servicemember.

It takes all of 5 minutes to run the check....IMO....5 minutes well spent if it prevents a possible SCRA violation which in turn can produce a PR fiasco.
The opinions expressed are mine and they are not to be taken as legal advice.

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