The VA Home Loan Program

Financial Literacy Education

Homeownership Information

First-Time Home Buyer Course

Using Credit Wisely Education

Foreclosure Prevention Education

Housing and Credit Counseling

For more information about the services listed above, please call or click:

888 -273 -7267 www.VetHomeownership .com

Servicemember Civil Relief Act (SCRA) Webinar

Application for Military and Veteran First Look Home Buyer Purchase Program

Combat Wounded Warrior Application for Mortgage-Free Donated Home

Find a Military and Veteran-Friendly Real Estate and Lending Professional Database

... and Much More!

www.VetHomeownership.com is a website dedicated to assisting active military and veterans to realize the American Dream of homeownership!

Programs and Services Available to Servicemembers and Veterans:

ATTN: ACTIVE MILITARY & VETERANS

Find Military and Veteran–Friendly Real Estate and Lending Professionals

SERVICEMEMBERSCIVIL RELIEF ACT

(SCRA)

What You Need to Know About the

Servicemembers Civil Relief Act (SCRA)

Recognizing the special burdens that members of the military may encounter trying to meet their financial obligations while serving their country, the Servicemembers Civil Relief Act (SCRA) [P.L. 108 -189], was enacted on December 19, 2003 as a modernization and restatement of the protections contained in the Soldiers’ and Sailors’ Civil Relief Act (SSCRA) which Congress passed in 1940.

The SCRA provides a wide range of protections for individuals entering, called to active duty in the military, or deployed servicemembers. It is intended to postpone or suspend certain civil obligations to enable service members to devote full attention to duty and relieve stress on the family members of those deployed servicemembers.

Recognizing the special burdens that members

Legal assistance offices are located on almost every base, ship and installation. A servicemember can visit one of the following websites:

ARMED FORCES LEGAL ASSISTANCE DIRECTORY: www.aflegalassistance.law.af.mil

ARMY: www.jagcnet.army.mil/legal

NAVY / MARINE CORPS: www.jag.navy.mil/legal_services.htm

4COAST GUARD: www.uscg.mil/legal/la/Legal_Assistance_Find_Lawyer.asp

• Allows servicemembers who are parties in civil lawsuits (such as paternity and child custody suits) to request a stay if their military service precludes their attendance in court.

• Protects servicemembers on active-duty from default judgments if they fail to appear at trial or respond to a lawsuit because of their military service.

• Caps interest rates on “pre-service” debts at 6% for the duration of the servicemember’s period of military service.

• Prevents landlords from evicting servicemembers on active duty for nonpayment of rents below a certain threshold, except by court order.

• Allows servicemembers to unilaterally terminate pre-service lease contracts following specifi ed procedures.

• Prohibits sale of goods placed in storage either before a military service call or during a period of active service for unpaid charges, except by court order.

• Prohibits sellers from repossessing, reclaiming, or foreclosing on property that a servicemember contracted to buy under a pre-service contract, except by court order.

• Authorizes the court to stay proceedings or adjust obligations in the case of claims fi led to enforce mortgage or trust deed payments.

• Protects life insurance from lapse with nonpayment of premiums.

• Provides for reinstatement of any health insurance in effect on the day before active military service commenced, without waiting period and physical restrictions.

• Allows servicemembers who have pre-service professional liability insurance policies to suspend premiums and coverage during the period of military service.

• Allows servicemembers on active duty to defer income tax payments for up to six months after discharge if ability to pay is impaired by military service and clarifi es other tax issues.

• Prohibits the use of personal assets to satisfy business obligations even though the servicemember may be personally liable (50 USC App. § 596); and Prohibits both creditors and insurers from pursuing adverse actions (e.g., notifying credit agencies, denying credit, changing terms) against servicemembers solely because they exercise SCRA rights (50 USC App. § 518).

• Servicemembers can terminate cell phone contracts when military orders require relocation for more than 90 days to an area that does not support the contract. This applies to family contracts as well as individual contracts.

• When SCRA protections are broken, in some circumstances the servicemembers may be able to recover attorney fees and court costs.

PROTECTIONS UNDER THE SCRA:

The VA Home Loan Program

Financial Literacy Education

Homeownership Information

First-Time Home Buyer Course

Using Credit Wisely Education

Foreclosure Prevention Education

Housing and Credit Counseling

For more information about the services listed above, please call or click:

888 -273 -7267 www.VetHomeownership .com

Servicemember Civil Relief Act (SCRA) Webinar

Application for Military and Veteran First Look Home Buyer Purchase Program

Combat Wounded Warrior Application for Mortgage-Free Donated Home

Find a Military and Veteran-Friendly Real Estate and Lending Professional Database

... and Much More!

www.VetHomeownership.com is a website dedicated to assisting active military and veterans to realize the American Dream of homeownership!

Programs and Services Available to Servicemembers and Veterans:

ATTN: ACTIVE MILITARY & VETERANS

www.VetHomeownership.com is a website dedicated to assisting active

Find Military and Veteran–Friendly Real Estate and Lending Professionals

SERVICEMEMBERSCIVIL RELIEF ACT

(SCRA)