The Servicemember Civil Relief Act (SCRA) provides relief provisions for both consumer and business credit that was extended to servicemembers prior to going on active duty.
The protections include a reduced interest rate on certain loans, protection against foreclosure, protections from default judgements in civil lawsuits, protections against repossession of property, and the ability to terminate a lease without penalty.
This course is intended for all lending department personnel and compliance professionals.
Rev–Dec. 2020. Course length ≈ 20 minutes. This course is worth 0.5 CPE credits.