Servicemembers Civil Relief Act
(for Consumer Debt Collectors)

A NorthLegal Webinar presented May 6, 2021
Duration: 1:30 hours:minutes (including Q&A)

Cost | How to Attend | How to Obtain Handouts

The Servicemembers Civil Relief Act is about much more than lowering interest rates and (contrary to popular opinion) it does not only kick in when you are told a borrower has been called to active service. In fact, portions of it apply even after active service has ended and even to loans obtained while the borrower was already on active service.

Courts, regulators and debtors' attorneys' are cracking down on SCRA violations, so it is absolutely necessary that every lender and collector be sure he or she understands this important law.

During this program, attorney Eric North will provide the information you need to make sure your institution understands and is in full compliance with the SCRA. Eric and participants will discuss—

• Whether you should have an SCRA Compliance Policy and, if so, what should be in it
• Which debts the SCRA does and does not cover (Hint: Coverage is not always limited to loans obtained before active service began!)
• What protection the SCRA gives to spouses and other dependents of a covered servicemember
• How the "six percent interest" rule works; when it begins, when it ends and how it applies
• How the SCRA affects security interests
• The HUD rule intended to make certain servicemembers aware of their rights under the SCRA
• What happens when the servicemember leaves active service
• Steps you can take to improve compliance and lessen risk
• Why it isn't enough to know about the SCRA when dealing with borrowers in the military
• Common mistakes that have put creditors in trouble with regulators, courts and borrowers

NOTE: This program is intended only for employees of consumer lending institutions. Please contact NorthLegal Training and Publications to obtain approval before registering if you are not an employee of a consumer lending institution.

Cost/Registration
The fee to attend this archived program is $190.00 if paid by credit card or $200.00 if paid by check. For that fee, you or someone from your financial institution may view this program as often as you like for a period of 180 days. (NOTE: If your financial institution registered for the live program, you already have free access to the archvied version for six months! Contact NorthLegal for information.)

How to Attend an On Demand Webinar | How to Obtain Handouts
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