When you do business with those who serve in the military, you must stay abreast of which clients are on active duty. The reason for this is because active duty servicemembers are covered by the Servicemembers Civil Relief Act, a …View more
If you’re in the banking or lending industries – or, in fact, any industry that frequently does business with military personnel – you must regularly search for military status record.
When you have customers or clients who are or in …View more
As a lender or auto dealership, you are likely — and rightly — concerned with the SCRA vehicle repossession rights. It’s important to follow the letter of the law in these matters in order to avoid fines and penalties.
Companies …View more
Many lenders and business owners know the rules of the SCRA as they apply to civil matters. They know they have to get a military status verification before heading to civil court. But what about the SCRA and bankruptcy proceedings? …View more