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ARTICLE · 28 APRIL 2016

Foreclosure Protection For Servicemembers Extended By Congress

Poyner Spruill LLP
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In 2008, Congress passed legislation which extended the protection from foreclosure actions for active duty servicemembers up to 9 months after the end of the period of military service.

United StatesInsolvency/Bankruptcy/Re-Structuring
James T. Martin
James T. Martin
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In 2008, Congress passed legislation which extended the protection from foreclosure actions for active duty servicemembers up to 9 months after the end of the period of military service.  In 2012, Congress extended that time to 12 months after the end of the military service.  When the prior legislation expired at the end of 2015 the protection for servicemembers reverted to a period of 90 days after the end of the military service period.

The law as currently adopted extends the protection for 12 months after the end of the military service period.  In addition, the sunset provision of the act is now extended through December 31, 2017.  The act as retroactive to January 1, 2016.

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