Servicemembers Civil Relief Act Policy Update

This new product is designed to help a financial institution's lending personnel with an overview of certain provisions of the Servicemembers Civil Relief Act (SCRA) that may affect the Bank.

NOTE: The complete contents of this product are included as Topic 16 (Servicemembers Civil Relief Act Reference) of the Consumer Loan Policy Template.

Product Contents

Purpose and Contents - Topic 1

Policy Statement - Topic 2

Verification of Military Service - Topic 3

Exercise of Rights - Topic 4

Dependents and Persons Secondarily Liable - Topic 5

Rate of Interest - Topic 6

Installment Contracts and Leases - Topic 7

Mortgages - Topic 8

Limitations on Terms of Consumer Credit Extended - Topic 9

Audit Policy - Topic 10

Staff Training - Topic 11

Retention of Documentation - Topic 12

Includes the following form template:

Servicemembers Civil Relief Act Notice (3 pages)

Ordering Information

This product is available to purchase from Bankpolicies.com for $125.00.

Click here to place an order for this product. Clients who are eligible for our Legacy Rewards Volume Discount can apply their applicable discount level to the list or update price (whichever applies).

NOTE: Refer to our Place an Order page for important information regarding payment terms and our return policy. Orders placed for Product Updates are only available directly through Bankpolicies.com.

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