Who's eligible for SCRA benefits and protections?
Active duty members of the military, including those described below, who received their loan or credit prior to active service may be eligible for an interest rate reduction benefit and may be protected from non-judicial foreclosure and repossession of property without a court order:
- Active duty in the Army, Navy, Air Force, Marine Corps or Coast Guard, including reservists serving on active duty
- National Guard service for more than 30 consecutive days under federal orders issued by the President or Secretary of Defense
- Commissioned officers of the National Oceanic & Atmospheric Administration and Public Health Service on active service
- Bank of America also extends certain benefits to the spouse or dependent of a covered servicemember, even if the servicemember is not on the account