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SOLDIERS' AND SAILORS' CIVIL RELIEF ACT GUIDE Legal Assistance Branch Administrative and Civil Law Department The Judge Advocate General's School, U.S. Army Charlottesville, Virginia JA 260 July 2000.

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The Servicemembers Civil Relief Act protects servicemembers from some actions taken while they are deployed, including eviction, foreclosure, repossession and more. This federal law also says lenders cannot charge servicemembers more than 6 percent interest while they are on active duty.

Under the SCRA, which Congress enacted to relieve servicemembers of some worries back home while they are out serving their country, banks and other lenders cannot charge servicemembers more than 6 percent interest.

Under the Servicemembers Civil Relief Act (SCRA), the maximum interest rate that may be charged on an eligible Direct Loan or FFEL Program loan is 6% during the period of the servicemember's qualifying military service.

To receive this benefit you must notify your lender in writing and include a copy of your orders to active duty service or a letter from your commanding officer that shows the date you began active duty service.

The SCRA sets a maximum rate of 6 percent interest6 per year on obligations or liabilities incurred by servicemembers, or the servicemember and their spouse jointly, before the servicemember entered military service.

To obtain proof of military service on a person (to determine whether the person is eligible for SCRA protections, the best, one-stop resource is the SCRACVS at .ServicemembersCivilReliefAct.com.

The Servicemembers Civil Relief Act, 50 U . S . C . § 3937(a)(1), sets a six percent (6%) per annum ceiling on interest charges (including service charges, renewal charges, and fees) during the period of a servicemember's military service for financial obligations made prior to the date of entry onto active duty .

The Servicemembers' Civil Relief Act applies in bankruptcy cases. It provides protection to members of the military against the entry of default judgments and gives the court the ability to stay proceedings against military debtors.

Applying for SCRA Benefits You must submit a request in writing via: an e-message through our mobile app* or online banking. fax at (703) 206-3108, Attn: SCRA Servicing. mail at P.O. Box 3302, Merrifield, VA 22119, Attn: SCRA Servicing.

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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232