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:
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.
Want to ensure your purchase from BankPolicies.com remains current? Add a Product Update Protection Plan to your shopping cart to ensure that you will automatically receive an updated version every time it is revised via e-mail within one year from the last date of purchase. This timely and cost-effective solution ensures that you stay on top of federal regulatory changes and industry recommended best practices.
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.
BankPolicies.com provides your financial institution with the best bank policy template products available in the industry. You will always be up to date with the latest changes to bank policies and never have to worry about being out of compliance with the various laws, rules and regulations issued by the Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Federal Reserve, Office of the Comptroller of the Currency (OCC), or other federal regulatory bodies that may apply to your organization.
Our dedicated staff of career banking industry professionals are ready to keep your financial institution up to date with the latest bank policy standards and industry best practices. Purchase your bank policies from us today and rest easy knowing you have the right team helping you and your organization stay compliant. We look forward to earning your business for all of your bank policy needs.