The Servicemember's Civil Relief Act (SCRA) provides a wide range of protections and benefits for individuals in the military who are called to active duty or deployed. The intent of SCRA is to postpone or suspend certain civil obligations to enable servicemembers to devote full attention to duty and to relieve stress on family members of those deployed servicemembers.
It's important to all of us at Santander that the persons who serve in our country's military be aware of the protections and benefits SCRA provides. The questions and answers below provide valuable information that applies to the products and services offered by Santander.
Who is eligible under SCRA?
The SCRA covers all servicemembers (Army, Navy, Air Force, Marine Corps, Coast Guard), Reservists, and members of the National Guard while on active duty. The protection begins on the date of entering active duty and generally terminates within 30 to 90 days, and in some instances, up to a year after the date of discharge from active duty.
What are your SCRA benefits?
The SCRA is a broad statute that provides many benefits. Visit http://www.consumerfinance.gov/servicemembers/ for more details.