Can I benefit from the Service Members Civil Relief Act (SCRA) that President Bush signed into law, amending the Soldiers and Sailors Relief Act (SSRA)?
The new act specifically calls for a 6 percent interest rate on loan obligations that were taken prior to being called to active duty. This means that any pre-service debt would be eligible for rate reductions. If you were on active-duty when you took out a loan with us, you will not qualify under the new SCRA. Please click here to read the act.
Related Questions
- Can I benefit from the Service Members Civil Relief Act (SCRA) that former President Bush signed into law, amending the Soldiers and Sailors Relief Act (SSRA)?
- Can I benefit from the Service Members Civil Relief Act (SCRA) that President Bush signed into law, amending the Soldiers and Sailors Relief Act (SSRA)?
- What do I need to send my lender in order to qualify for Service Members Civil Relief Act interest rate cap of 6%?
