In addition to benefits, below are additional protections
Line of credit, credit card and installment contract
SCRA protections- Installment Contracts (such as auto, RV, boat, motorcycle & aircraft) also receive protection from repossession. Under SCRA, if you enter active duty and have an existing loan, you're protected from repossession unless a court issues an order allowing the repossession to take place.
Home loan and home equity
SCRA protections- Protection from foreclosure. The SCRA generally prevents lenders from foreclosing (unless there's a court order) on eligible active duty servicemembers during their period of military service and 12 months thereafter. Contact us to learn more.
SCRA protections- Home retention options. In addition to other home retention options, we also offer the Military Modification Program. As part of the federal government's Making Home Affordable program, this program offers principal forgiveness and other solutions to help qualified military customers who are having difficulty making their home loan payments.