Introduction This Veterans Benefits and Transition Act of 2018 (Public Law 115-407) updated various Department of Veterans Affairs (VA) benefits and programmes in areas including education, transition assistance, and civil relief. The Act was signed into law by then President Donald Trump on 31 December 2018. Refer to The Servicemembers Civil Relief Act (2003), Military… Read More
What is the Military Spouses Residency Relief Act (2009) (US)?
Introduction On 11 November 2009 Congress passed an amendment to the Servicemembers Civil Relief Act (SCRA), known as the Military Spouses Residency Relief Act (MSRRA) (Public Law 111-97). The amendment involved the rights of spouses who are accompanying a servicemember to a new state due to active duty military orders, and is broken down into… Read More
What is the Military Lending Act (2006) (US)?
Introduction The Military Lending Act (MLA), 10 U.S. Code § 987, is a Federal law that provides special protections for active duty servicemembers such as capping interest rates on many loan products. It was enacted in 2006. A detailed account of the MLA, including provisions and limitations, can be found on the Federal Reserve website… Read More
What is the Servicemembers Civil Relief Act (SCRA) (US)?
Introduction The Servicemembers Civil Relief Act (SCRA) is a federal law designed to protect servicemembers in a wide range of consumer and legal transactions. The SCRA postpones or suspends certain civil obligations to enable servicemembers to devote their full attention to duty and to relieve stress on their families. The SCRA covers outstanding credit card… Read More
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