Compliance Monthly Newsletter

January Compliance Monthly Newsletter

SCRA Sunset Date for Mortgage Foreclosure
Protection Extended
The President has signed into law the National Defense Authorization Act for Fiscal Year 2018, which extends for two years, until December 31, 2019, the “sunset” on the temporary change of “90 days” in §303(b) and (c) of the Servicemembers Civil Relief Act to “one year.” For another two years, servicemembers will remain entitled to the foreclosure protections for one year beyond the end of their active duty service. The current HUD-SCRA delinquency notice for past-due mortgage payments can be used past its December 31, 2017 expiration date.