Soldiers and Sailors Relief Act

If you’re a reserve component service member called to active duty, you’re protected by a law that can save you some legal problems and possibly some money as well. Under the provisions of the Soldiers’ and Sailors’ Civil Relief Act of 1940, you may qualify for any or all of the following:

* Reduced interest rate on mortgage payments.
* Reduced interest rate on credit card debt.
* Protection from eviction if your rent is $1,200 or less.
* Delay of all civil court actions, such as bankruptcy, foreclosure or divorce proceedings.
Note: On 19 December, 2003, President Bush has signed the “Servicemembers Civil Relief Act,” new legislation to help ease the economic and legal burdens on military personnel called to active duty status in Operation Iraqi Freedom. Authored by Veterans’ Affairs Committee Chairman Chris Smith, the Servicemembers Civil Relief Act updates and strengthens the previous Soldiers & Sailors Civil Relief Act of 1940 (SSCRA).
More information can be viewed at:
http://usmilitary.about.com/od/sscra/l/blsscra.htm