Skip to content

SCRA protections claimed by ineligible borrowers

How would you respond to a borrower who insists he or she gets SCRA protection based on employment overseas with the State Department or one of the federal law enforcement agencies (e.g., FBI)?

The “S” in “SCRA” is for “Servicemembers.” Your bank may opt to allow protections for other government employees, but you are certainly not required to do so. We have heard about similar requests in the past. But these people are not protected under the SCRA and you have no obligation to agree to their requests.
Learn more about Andy and John’s webinar
Frontline Compliance Concerns.

First published on 03/12/2017

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics