Lender to Pay Fine for SCRA Violation
Lenders and car dealerships beware when repossessing cars. California Auto Finance agreed to pay $80,000 in a settlement with the Department of Justice. This is the company’s second fine for an SCRA violation.
The DOJ filed suit against California Auto …
View moreLender to Pay $9M for Student Loan SCRA Violations
A federal student loan servicer has agreed to pay $9 million to settle a fraud claim with the New York Attorney General’s office for Student Loan SCRA Violations that deceived borrowers with student loans.
The student loan debt crises has …
View moreSCRA Updates Help Lenders Verify Military Status
New SCRA updates make it easier for servicemembers to verify military status to lenders.
One of the significant benefits to servicemembers under the Servicemembers Civil Relief Act (“SCRA”) is the possibility that interest rates on certain loans and credit card …
View moreWhy Do I Need an Affidavit of Due Diligence?
When, despite all efforts, we or you cannot determine the military status of the defendant in your court case, you will need an affidavit of due diligence.
Some businesses deal with members of the military more than others. These include …
View moreThe Military Affidavit in the Collection Process
certificate of nonmilitary servic
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 …
View moreLender Retaliation After SCRA Rights Are Invoked is Prohibited
Servicemembers are entitled to certain SCRA rights. Lenders who violate them — intentionally or otherwise — may find themselves in trouble with the law.
When a servicemember asks a creditor for to extend privileges under the Servicemembers Civil Relief Act …
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