S. 2764 · 110th Congress
A bill to amend the Servicemembers Civil Relief Act to enhance protections for servicemembers relating to mortgages and mortgage foreclosures, and for other purposes.
- Stage
- In committee
- Sponsor
- John Kerry
- Introduced
- 2008-03-13
- Latest action
- 2008-04-03 · Senate Committee on Armed Services discharged by Unanimous Consent.
Summary
Amends the Servicemembers Civil Relief Act of 1940 to extend: (1) from the duration of military service to one year after such service the period during which a member of the Armed Forces may not be charged a mortgage interest rate in excess of 6%; and (2) from 90 days to one year after release from service the period during which a member shall be protected from mortgage foreclosure.