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Servicemembers Civil Relief Act Policy

$175.00

The purpose of this Servicemembers Civil Relief Act Policy Template is to address how a bank, credit union, fintech company, 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.  See more information about this product below.

Servicemembers Civil Relief Act Policy

The purpose of this Servicemembers Civil Relief Act Policy Template is to address how a bank, credit union, fintech company, 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
  • Risk Management – Topic 4
  • Maximum Rate of Interest – Topic 5
  • Protections Under Installment Contracts for Purchases or Leases – Topic 6
  • Mortgages and Trust Deeds – Topic 7
  • Lease Terminations – Topic 8
  • Life Insurance Assigned as Security – Topic 9
  • Protections and Requirements in Judicial Proceedings – Topic 10
  • Business and Trade Obligations – Topic 11
  • Military Lending Act Policy Reference – Topic 12
  • Audit Policy – Topic 13
  • Staff Training – Topic 14
  • Retention of Documentation – Topic 15

Recent updates to this product:
04/01/21 Update
OCC Bulletin 2021-11 – Servicemembers Civil Relief Act: Revised Comptroller’s Hand Booklet and Rescissions

This Servicemembers Civil Relief Act Policy Template (approximately 20 pages) is available to purchase from BankPolicies.com in Microsoft® Word format.

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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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