Service Members Civil Relief Act

Formerly known as: The Soldiers and Sailors Civil Relief Act
For many years the Service Members Civil Relief Act has been available to lenders for any mortgage loan. Service members who provide evidence of active duty status and request relief from lenders are entitled to the provisions of this act which include but are not limited to:

• Interest rate reduction to 6%
• Occupancy requirements are lifted
• Waiver of late fees
• Suspension of delinquency reports to credit bureaus
• Suspension of foreclosure proceedings/stay initiated until service member returns

If you know of anyone this may benifit please forward this information

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