Question

) Which protections exist under the Servicemembers Civil Relief Act? Check all that apply.

Answer 1

Answer:

1. Protection against default, evictions, foreclosures, and repossessions

2. Terminate residential and automobile leases due to PCS

Written and oral disclosure of terms

3. Reduce interest to 6% on certain loans and lines of credit obtained prior to entering active duty​

Explanation:

The Servicemembers Civil Relief Act (SCRA) provides financial and legal protections for active-duty service members, as well as National Guard and reserve members, and their families. This protections are:

1. creditors reduction of interest rate on debts to 6% for liabilities obtained prior to entering active duty​
2. Protection against default, evictions, foreclosures, and repossessions, preservice mortgage debt is valid if made during or within nine months after your service on active duty, unless carrying out a valid court order
3. Deferment of income tax before or during military service.
4. Protection against eviction
5. Protection against default judgments
6. Postponement of court proceedings if on duty
7. Termination of automobile, residential lease and phone service  by delivering a written notice of termination.
8. Voting rights
9. Life insurance coverage