Bankers, lenders and others who do business with service members must frequently do military status checks to stay in compliance with the Servicemembers Civil Relief Act. The SCRA is a federal law that provides certain protections to active duty military members. These include, for example, protections from eviction, foreclosure, and repossession without a court order….
When you do business with military service members, it is important to know whether they are on active duty. If they are, you must adhere to the provisions of the Servicemembers Civil Relief Act, a United States federal law that provides certain protections to members of the armed forces. Know SCRA Rules The SCRA says,…
Are you a banker, a lender or another type of merchant who does business with service members? If so, we have some information you need. While military members are an important segment of your client base, you must keep in mind that they are entitled to certain rights and protections that other clients do not…
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 United States federal law that grants them certain protections and benefits. You are obligated to…
If you’re in the banking or lending industries – or, in fact, any industry that frequently does business with military personnel – you must regularly perform military status checks on your customers in order to comply with the Servicemembers Civil Relief Act. This federal law outlines extra rights and privileges granted to active-duty servicemembers. The…
There are a number of pervasive myths regarding the Servicemembers Civil Relief Act. In order to ensure compliance with this important law, it is critical that those who work with servicemembers know the ins and outs of the SCRA.
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