S. 2658

A bill to amend the Servicemembers Civil Relief Act to extend from 90 days to one year the period after release of a member from the Armed Forces from active duty during which the member is protected from mortgage foreclosure.

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II

110th CONGRESS

2d Session

S. 2658

IN THE SENATE OF THE UNITED STATES

February 25, 2008

Mr. Kerry introduced the following bill; which was read twice and referred to the Committee on Veterans' Affairs

A BILL

To amend the Servicemembers Civil Relief Act to extend from 90 days to one year the period after release of a member from the Armed Forces from active duty during which the member is protected from mortgage foreclosure.

1.

Extension of mortgage foreclosure protection period for servicemembers

(a)

Extension of protection period

Subsection (c) of section 303 of the Servicemembers Civil Relief Act (50 U.S.C. App. 533(c)) is amended by striking 90 days and inserting one year.

(b)

Extension of stay of proceedings period

Subsection (b) of such section (50 U.S.C. App. 533(b)) is amended by striking 90 days and inserting one year.

(c)

Effective date

The amendments made by this section shall apply with respect to individuals performing a period of military service (as that term is defined in section 101(3) of the Servicemembers Civil Relief Act (50 U.S.C. App. 511(3))) that begins on or after October 7, 2001.