This professional development online course provides an overview of the Servicemembers Civil Relief Act (SCRA) and its applicability to financial institutions. Signed into law on December 19, 2003, the SCRA revised the Soldiers' and Sailors' Civil Relief Act (SSCRA) of 1940. Though the SCRA provides a variety of protections for servicemembers, this course addresses those provisions that may affect financial institutions. The provisions of the SCRA discussed in this course include protections against default judgments, stays of civil proceedings, rent and mortgages, installment contracts, interest rate protections, and fines and penalties for violations.
How it Works This is an online self-paced course that allows you to study the course material independently and at your convenience. Access to a computer with internet access is required. This course is supported on most computing devices, including desktop and laptop computers, tablets and cell phones.