Soldier's Help Obtaining Negotiated Rates Act

Soldier's Help Obtaining Negotiated Rates Act or the Solider's HONR Act

This bill amends the Servicemembers Civil Relief Act to permit an individual to provide to a creditor as proof of military service, in order to qualify for the active service interest rate limitation, a certified letter from a commanding officer or any other appropriate indicator of military service. A creditor may use information from the Defense Manpower Database Center indicating that the individual is on active duty.

A creditor that uses center information has not failed to treat the individual's debt as required if: (1) such information indicates that such individual is not on active duty; and (2) the creditor has not received the other proof required.