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Service Men’s Relief Act

Service Men’s Relief Act

by Rose / Monday, 04 November 2019 / Published in Mortgage Lenders News

Contents

  1. Form suggested searches. top results. view
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  4. Sailors’ civil relief act
  5. Members civil relief act.

The Servicemembers Civil Relief Act (SCRA) Background The Civil Rights Division of the Department of Justice, created in 1957 by the enactment of the Civil Rights Act of 1957, works to uphold the civil and constitutional rights of all Americans, particularly some of the most vulnerable members of our society.

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Financial relief under the Servicemembers Civil Relief Act is available to active duty members of all the Uniformed Services branches. The SCRA, formerly known as the Soldiers’ and sailors’ civil relief act, is a federal law enacted in 2003, that restricts or limits actions against military personnel currently serving on active duty.

In 2003, the Soldiers and Sailors Civil Relief Act was completely re-written and re-named the Service members civil relief act. The bill was signed into law by President Bush on December 19, 2003. This is the law that now governs legal protections for members of the United States Military.

In December 2017, the U.S. Department of Defense ("DoD") issued updated interpretive guidance on the Military Lending Act ("MLA"), and President Trump signed into law the extension of certain protections provided to servicemembers through the Servicemembers Civil Relief Act ("SCRA").

Financial Safeguards. The SCRA provides a range of financial safeguards for active duty U.S. service members and their families. The act, which President Bush signed into law in December 2003, is basically an update and expansion of the Soldiers’ and Sailors’ Civil Relief Act passed in 1940.

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Active duty servicemembers can benefit greatly by applying for Servicemembers Civil Relief Act protections and provisions with the following financial companies. Possible benefits include reduction of interest rates, protection from repossession and foreclosure, no late fees, and no annual credit card fees.

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