Servicemember Civil Relief Act (SCRA)

Servicemember Civil Relief Act (SCRA)

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Description

This is a policy guide to comply with requirements under the Servicemember Civil Relief Act (SCRA) for mortgage servicers. This a separate policy guide. Once purchased this guide will be customized to your specifications. You will receive an immediate invoice receipt with a download link to a questionnaire with some simple questions to answer and receive your customized guide within 24-48 hours. This is written for independent mortgage bankers but can be customized for depository financial institutions and credit unions. 

Table of Contents

SERVICEMEMBERS CIVIL RELIEF ACT POLICY (SCRA)

  • PURPOSE
  • SCOPE

SCRA OVERVIEW

  • GENERAL RELIEF
    • Interest Rate Limitation
    • Notice to Lender/Servicer
    • Mortgage and Deeds of Trust
    • Sales Contracts
    • Rental Eviction
    • Rental Leases
    • Servicemember Request for Waiver
    • Interagency Guidance on Mortgage Servicing Practices
    • Prohibited Practices

APPENDIX A (DEFINITIONS)

  • Dependent
  • Military Service
  • Period of Military Service
  • Servicemember