Servicemembers Civil Relief Act (SCRA) Policy – 8 Pages – 1700 Words

This policy is established to ensure compliance with a federal law that provides specific protections for military members as they enter active duty. It applies to all employees, departments, contractors, and affiliated entities engaging in lending, financial transactions, or other related services for individuals protected under this law. The policy outlines key provisions such as interest rate reduction, foreclosure protection, and procedures for verification of military service, communication, employee training, record keeping, and compliance monitoring.