Seminar ID: 100325

Servicemembers Civil Relief Act: How it Affects Collections

Presented By:
Justin B. Hosie

Hudson Cook, LLP

You will Learn:

  • Learn about the background, history, purpose and scope of the SCRA
  • Understand the limits, prohibitions, and waivers
  • Discover the special circumstances such as eviction, property purchase, mortgages, leases and the SCRA foreclosure protections

Many collectors don’t understand how to comply with the federal requirements related to collecting debts owed by servicemembers and their family, in a manner that will satisfy the Consumer Financial Protection Bureau (CFPB). This 10-minute webinar helps collectors understand the Servicemembers Civil Relief Act (SCRA), and how to establish compliant policies and procedures. Failing to have follow proper SCRA policies and procedures has recently lead to one credit card providing paying over $12 million in payments to servicemembers. This webinar is critical for collectors so they can update their SCRA policies and procedures based on recent regulatory actions.