By: Roy L. Kaufmann
Do you ever wonder who is eligible for SCRA protections?The Servicemembers Civil Relief Act is a fairly complex federal law that covers a swath of military personnel and their dependants. But which ones?According to federal laws, active military …
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By: Roy L. Kaufmann
No one wants to violate the Servicemembers Civil Relief Act. Or they don’t want to get caught, at least. How does servicemember age affect SCRA rules?Maximum servicemember age is much more important than minimum servicemember age when it …
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By: Roy L. Kaufmann
Violators of the Servicemembers Civil Relief Act beware: The Department of Justice, ever a formidable foe, has been relentlessly increasing its vigilance over SCRA violations, filing lawsuits from coast to coast that cost millions to settle.Targets include banks, moneylenders, …
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By: Roy L. Kaufmann
The Servicemembers Civil Relief Act generally requires that lenders roll back interest rates on obligations that pre-date active duty to 6% upon request of the servicemember. But what about in cases of re-enlistment? Do the same protections apply?The logic …
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By: Roy L. Kaufmann
As a lender, you may know that it is an SCRA violation to initiate foreclosure proceedings or charge late fees to charge servicemembers on active duty without first getting a court order.But what if they aren’t on active duty…
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By: Roy L. Kaufmann
A Virginia real estate management company reached a $1.49
million settlement with the Department of Justice over unlawful attempted
evictions of servicemembers.The DOJ clamped down on the company when it learned the company had violated the Servicemembers Civil Relief …
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By: Roy L. Kaufmann
Merchants enjoy being able to give military discounts. It’s good for business. Invariably, however, when servicemembers enter into business relationships with merchants, a time will come when one or more will want to cancel their contract. In these cases, as …
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By: Roy L. Kaufmann
Congress recently announced plans to re-introduce a bill to ban the use of forced arbitration in cases involving the Servicemembers Civil Relief Act. This move may prove to have a serious impact on lenders.The bill, known as the Justice …
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