Upload
cleopatra-candace-kelly
View
214
Download
2
Tags:
Embed Size (px)
Citation preview
SERVICEMEMBER’S CIVIL RELIEF ACT
Active Duty: Full-time duty in the active military service of the U.S.
Non-Active Duty: Retired personnel or a reserve unit not on active duty
DEFINITIONS
Materially Aff ected: A servicemember on active duty is unable to protect legal rights or is unable to meet prior fi nancial obligations
Military Service: Begins when the servicemember receives his or her orders to report for active duty and ends with the date of termination from active duty or upon death while in active service.
Mobilization: The act of ordering National Guard and Reserve Units to active duty.
Servicemember: A member of the uniformed services, which includes the United States: Army Navy Air Force Marine Corps Coast Guard The commissioned corps of the National Oceanic and Atmospheric
Administration, The commissioned corps of the Public Health Service.
DEFINITIONS
In the military service of the U.S.
On active duty and
Materially affected as a result of active duty status
COVERAGE
Default JudgmentsStay of Proceedings, Stay of ExecutionsLength of StaysFines and Penalties on Contracts
GENERAL RELIEF PROVISIONS
General 6% RestrictionMortgage Loans Interest ForgivenessPayment ReductionNew Advances and New LoansStudent LoansFeesRequesting Reduced RatesRefusing Rate ReductionsTruth-in-Lending Act ImplicationsReinstating the Original Contract Rate
INTEREST RATE LIMITATIONS
Rental PropertyLeasesMortgage
ForeclosuresRights of
Dependents and Co-obligors
Relief for Co-obligors
OTHER PROVISIONS