A bill to amend the Servicemembers Civil Relief Act to enhance protections for servicemembers relating to mortgages and mortgage foreclosures, and for other purposes.
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.
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