S.2764: A bill to amend the Servicemembers Civil Relief Act to enhance protections for servicemembers relating to mortgages and mortgage foreclosures, and for other purposes.
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A bill to amend the Servicemembers Civil Relief Act to enhance protections for servicemembers relating to mortgages and mortgage foreclosures, and for other purposes. 3/13/2008--Introduced.
Amends the Servicemembers Civil Relief Act of 1940 to extend: (1) from the duration of military service to one year after such service the period during which a member of the Armed Forces may not be charged a mortgage interest rate in excess of 6%; and (2) from 90 days to one year after release from service the period during which a member shall be protected from mortgage foreclosure. Comment on Bill - Be the first to leave a comment!
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