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Servicemembers Civil Relief Act (SCRA) Policy

$150.00

The purpose of this Servicemembers Civil Relief Act (SCRA) Policy Template is to address how a bank, credit union, or other type of financial institution adheres to the Servicemembers Civil Relief Act (SCRA).  In general, SCRA provides certain legal protections and debt relief rights to servicemembers on “active duty” or “active service,” or a dependent of such servicemember.

Description

Servicemembers Civil Relief Act Policy

The purpose of this Servicemembers Civil Relief Act Policy Template is to address how a bank, credit union, or other type of financial institution adheres to the Servicemembers Civil Relief Act (SCRA). In general, SCRA provides certain legal protections and debt relief rights to servicemembers on “active duty” or “active service,” or a dependent of such servicemember.

Table of Contents

  • Purpose and Contents – Topic 1
  • Policy Statement – Topic 2
  • Verification of Military Service – Topic 3
  • Exercise and Waiver of Rights – Topic 4
  • Business and Trade Obligations – Topic 5
  • Dependents and Persons Secondarily Liable – Topic 6
  • Rate of Interest – Topic 7
  • Installment Contracts and Leases – Topic 8
  • Mortgages – Topic 9
  • Life Insurance – Topic 10
  • Military Lending Act Policy Reference – Topic 11
  • Audit Policy – Topic 12
  • Staff Training – Topic 13
  • Retention of Documentation – Topic 14

Recent updates to this product:
01/02/18 Update
National Defense Authorization Act for Fiscal Year 2018
05/02/16 Update
Foreclosure Relief and Extension of Servicemembers Act of 2015

This Servicemembers Civil Relief Act Policy Template (approximately 12 pages) is available to purchase from BankPolicies.com in Microsoft® Word format for $150.00.

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When updates are made you will receive detailed information regarding why the product was updated and what has changed within the product in our Product Update Notification e-mail correspondence. This enables you to make an informed decision on whether to make any changes to the policy or procedure you implemented for your financial institution from the revised template.

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