The Servicemember Civil Relief Act (SCRA) provides relief provisions for both consumer and business credit that was extended to servicemembers prior to going on active duty. The protections include a reduced interest rate on certain loans, protection against foreclosure, protections from default judgements in civil lawsuits, protections against repossession of property, and the ability to terminate a lease without penalty. This course is intended for all lending department personnel and compliance professionals. Rev–Dec. 2020. Course length ≈ 20 minutes.

 

CPE Credits: 0.5