Servicemembers Civil Relief Act and Military Lending Act

The Servicemembers Civil Relief Act (SCRA) and the Military Lending Act (MLA) establish critical legal and financial protections for servicemembers and their families. This course equips learners with the knowledge and practical skills needed to recognize when these protections apply and how to implement them correctly within financial services operations.

You will explore the purpose, scope, and core protections of SCRA and MLA, including differences in coverage based on timing of service and types of credit. The course addresses key financial and asset protections, such as interest rate limitations, foreclosure and repossession restrictions, credit reporting considerations, and insurance safeguards. It also emphasizes accurate verification of military status, proper handling of protection requests, disclosure obligations, and recordkeeping requirements. Through real-world scenarios, guided activities, and assessments, learners will practice applying regulatory requirements across common lending situations. The course also highlights compliance management responsibilities, enforcement considerations, and employee accountability. By the end of the course, you will be prepared to support servicemembers responsibly, reduce regulatory risk, and maintain compliance with both SCRA and MLA requirements in day-to-day operations.