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Under the SCRA, service members are entitled to a cap of 6% on interest rates for pre-existing debts incurred before active duty. The law also restricts the use of military allotments, protecting servicemembers from unauthorized automatic deductions from their military pay.
Key takeaways Active-duty military members and their families are eligible for a variety of credit card perks and benefits due in part to the Servicemembers Civil Relief Act. This federal law sets ...
Many banking institutions offer restricted interest rates to active-duty service members because of the Servicemembers Civil Relief Act (SCRA) and the Military Lending Act (MLA).
The Uniformed Services Employment and Reemployment Rights Act of 1994 ( USERRA, Pub. L. 103–353, codified as amended at 38 U.S.C. §§ 4301 – 4335) was passed by U.S. Congress and signed into law by U.S. President Bill Clinton on October 13, 1994 to protect the civilian employment of active and reserve military personnel in the United States called to active duty. The law applies to all ...
Section 8 was a category of military discharge employed by the United States Armed Forces which was used for servicemembers judged mentally unfit for service. This type of discharge was also often given to cross-dressers, gay, lesbian, bisexual and transgender personnel in the U.S. military.
Stop-loss policy. Not to be confused with Stop-loss insurance. In the United States military, stop-loss is the involuntary extension of a service member's active duty service under the enlistment contract in order to retain them beyond their initial end of term of service (ETS) date and up to their contractually agreed end of active obligated ...
Military retirement in the United States is a system of benefits designed to improve the quality and retention of personnel recruited to and retained within the United States military. These benefits are technically not a veterans pension, but a retainer payment, as retired service members are eligible to be reactivated.
The Military Spouses Residency Relief Act (MSRRA) signed into law on November 11, 2009, was originally introduced by Congressman John Carter (Texas) during the 110th United States Congress. The MSRRA was written to amend the Servicemembers Civil Relief Act (SCRA) to include protection of military spouses, with regards to voting, property and taxes, and provide equitable treatment of military ...