Military personnel will receive certain protections under the Servicemembers Civil Relief Act through Dec. 31, 2019, due to legislation signed into law on Tuesday.
Servicemember Foreclosure Sunset Date Extended
December 15, 2017 / By ICBA
Military personnel will receive certain protections under the Servicemembers Civil Relief Act through Dec. 31, 2019, due to legislation signed into law on Tuesday.
Military personnel will receive certain protections under the Servicemembers Civil Relief Act through Dec. 31, 2019, due to legislation signed into law on Tuesday.
The National Defense Authorization Act for Fiscal Year 2018 extends the temporary protections, which were set to expire Dec. 31, 2017.
For another two years, servicemembers will remain entitled to protections in Section 303 for one year beyond the end of their active duty service, rather than 90 days, related to the sale, foreclosure, or seizure of their mortgaged property.
The National Defense Authorization Act for Fiscal Year 2018 extends the temporary protections, which were set to expire Dec. 31, 2017.
For another two years, servicemembers will remain entitled to protections in Section 303 for one year beyond the end of their active duty service, rather than 90 days, related to the sale, foreclosure, or seizure of their mortgaged property.
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