According to the U.S. Supreme Court, the purpose of the Servicemembers’ Civil Relief Act is to protect “those who dropped their affairs to answer their country’s call.” SCRA extends the protection of the Soldiers’ and Sailors’ Civil Relief Act of 1940, which covered a wide range of topics such as foreclosures, evictions, rental agreements, installment contracts, credit card and mortgage interest, civil litigation and income tax.
The policy of SCRA is to ensure those who serve and protect their nation are not unfairly penalized in their private lives by the challenges of military duty. SCRA applies to active duty military members, Reservists, and members of the National Guards. Military life sometimes creates obstacles for military service members to deal with personal, financial, legal and residential aspects of daily life. This article highlights three major SCRA benefits: 6 percent interest rates, terminations of leases, and protections in judicial proceedings.
more…