news.cuna.org/articles/116504-compliance-back-to-basics-with-servicemembers-civil-relief-act

Compliance: Back to basics with Servicemembers Civil Relief Act

August 19, 2019

A recent CUNA CompBlog post examines several “back-to-basics” principles of the Servicemembers Civil Relief Act (SCRA). The SCRA offers a number of legal protections to active duty servicemembers and reservists while on active duty.

Subject to certain exceptions, these protections generally apply during “active duty,” meaning the date the individual reports for duty and ending when the individual is released from active military service. “Active duty” includes full-time training such as boot camp, and the protections apply regardless of location, whether in the U.S. or worldwide.

Subject to certain exceptions, the SCRA provides specific regarding foreclosures and civil judicial proceedings and reduced interest rates. 

The CompBlog post answers questions including:

  • Do any protections extend beyond the active duty period?
  • When does SCRA coverage begin and end?
  • Does the SCRA apply to members of the National Guard?
  • How do you figure out a servicemember’s active duty dates?
  • Are dependents covered by the SCRA?

In addition to the CompBlogCUNA’s Compliance Community contains discussion boards and a number of other resources for credit union compliance professionals around the country.