Servicemembers Civil Relief Act (SCRA)
Course Number: ABA
Course Code: ABA
Covers specific SCRA requirements for banks such as interest rate relief and foreclosure protections offered to military personnel. Explains the rights of the borrower under these laws, and the importance of bankers knowing the rights provided by the SCRA to service personnel to be able to act accordingly.
What You’ll Learn
After completing this course, students will be able to:
- Describe the background and purpose of the SCRA
- Describe the rights of a borrower under the SCRA
- Describe how the Fair Credit Reporting Act (FCRA) fits with the Servicemembers Civil Relief Act
Audience: Bank personnel with lending and collection responsibilities.