HUD has finally updated the Servicemembers Civil Relief Act (SCRA) Notice which had previously expired on December 31, 2017. The new notice (Form 92070) is available on HUD’s website and has an expiration date of March 31, 2021. Banks should start using the new form as soon as possible. If you use a vendor, you may want to ensure they are aware of the new form as well. One tip: in first bullet of the “How Does A Servicemember or Dependent Request Relief Under the SCRA?” section, make sure you update it with your bank’s name, address and contact information. We find this is often overlooked.
If you’d like to know more about assisting your customers who are serving in the military, check out our 1-hour webinar on the Military Lending Act. You can find out more here.
Amy brings many years of banking and compliance experience to Banker’s Compliance Consulting. She has worked for both large and small financial institutions and spent time working in every area of a bank. She started out as a teller in college and eventually became a branch manager.
Her love, however, was always compliance. Amy began her career with Banker’s Compliance Consulting in 2000. Her knowledge and experiences have allowed her to develop a well-rounded and practical approach to regulatory compliance. Amy is CRCM certified, has a Bachelor’s Degree in Business Administration, and is a graduate of the ABA Compliance School.
Amy & her husband have two children at home and stay busy following their activities. They spend a lot of time in the bleachers!