Compliance for Banks & Lenders

By: Roy L. Kaufmann

Lenders Must Comply With SCRA Protections

SCRA protections are not to be taken lightly. Violating the Servicemembers Civil Relief Act carries serious penalties. But so few of lenders’ clients are servicemembers — is the risk really that high? Think of the attention lenders must pay to … Read the rest

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By: Roy L. Kaufmann

7 Point SCRA Checklist for Lenders

Lenders can’t comply with the Servicemembers Civil Relief Act if they aren’t well-versed in all of its many sections. Lenders who don’t retain legal advice to help them meet the many and varied requirements would do well to appoint a … Read the rest

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By: Roy L. Kaufmann

SCRA Guidelines for Real Estate Creditors

Banks, lenders, landlords and anyone who rents to or holds a mortgage for a servicemember should be keenly aware of the ins and outs of the Servicemembers Civil Relief Act. Real estate creditors must address SCRA guidelines before they take … Read the rest

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By: Roy L. Kaufmann

SCRA Student Loan Interest Rate Compliance

Student financial aid offices across the U.S. need to be vigilant about their SCRA student loan interest rate compliance in accordance with the Servicemembers Civil Relief Act. Student loans have been in the news more than ever during this last … Read the rest

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By: Roy L. Kaufmann

New DoD SCRA Regulations for Moneylenders

If you’re a moneylender, recent regulation changes to the Military Lending Act issued by the DoD could greatly affect your business. Banks and other lending institutions likely know about the SCRA regulations the Department of Defense set up in 2006 … Read the rest

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By: Roy L. Kaufmann

CFPB: SCRA Violations Still Problem For Student Loan Servicers

‘CFPB: SCRA Violations Still Problem For Student Loan Servicers’ The Servicemembers Civil Relief Act is designed to protect active-duty military members’ rights while deployed, both in the U.S. and abroad. Today, one of the biggest issues with the SCRA is … Read the rest

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By: Roy L. Kaufmann

The Military Affidavit in the Collection Process\

To verify military status of an individual and get a military affidavit, log in to your account above. If you aren’t registered, you can register here. Transcript: Let’s first define the military affidavit. As you can see from the … Read the rest

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By: Roy L. Kaufmann

Auto Lender to Pay Millions in Settlement Under SCRA Violation

One of the nation’s largest automobile lenders has agreed to pay a group of servicemembers close to $10million after illegally repossessing their vehicles. The $9.35 million the Texas auto lender has agreed to comes after allegations the company illegally repossessed … Read the rest

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