NAR Coalition Letter to House Leadership Regarding Foreclosure Protections Under SCRA
Issue Date: March 01, 2016
US S 2393 - Foreclosure Relief and Extension for Servicemembers Act of 2015
On March 1, 2016, NAR as part of an industry coalition sent a letter to House Leadership.
The letter urges the restoration and extension of the one-year protection from foreclosure for military personnel leaving active duty under the Servicemembers Civil Relief Act (SCRA). If Congress does not act to extend the moratorium, lenders will be statutorily obligated to revert back to a ninety day moratorium as provided by the SCRA.