If the SM is on active duty oversees already is he protected by SCRA or MLA?

He has given his POA to his father to apply for a 1st Mortgage-HELOC that has a variable rate.

Your reply is greatly appreciated.

You might have to define what "protections" you are talking about. If you mean the 6% interest limitation, no, that does not apply to debt acquired while they are on active military duty.

All active duty servicemembers are protected by the SCRA & covered loans under the MLA.

If they are active duty at the time the loan is made they are not subject to the 6% rate limitation but other SCRA provisions c/would apply.

Loans secured by a dwelling are not covered loans under the MLA.

Thanks, Dan and rl. That's exactly the confirmation that I needed in dealing with an active duty officer overseas.

Proud to help, but in a compliant sort of way!