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SCRA Protection Period Extended Through 2015

scra

President Obama extends SCRA Protection Period

President Obama has signed Senate Bill 3008, the Foreclosure Relief and Extension for Servicemembers Act of 2014, into law, extending the 12-month, post-discharge, protection period of SCRA (Servicemembers Civil Relief Act) for another year through December 31, 2015.

A court may stay proceedings to enforce an obligation on real or personal property owned by the service member for one year after a service member’s military service and any sale, foreclosure, or seizure of such property shall be invalid without a court order or waiver agreement signed by the service member.

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