Skip to content
BOL Conferences
Thread Options
#2286609 - 07/14/23 06:23 PM SCRA and Safe Deposit Boxes
TeamComply Offline
Platinum Poster
Joined: Aug 2016
Posts: 567
Anyone have procedures they are willing to share regarding safe deposits boxes and SCRA?

Also, do you run a DoD search on everyone named on the box, no exceptions? Any exceptions if they are deceased?

Return to Top
Lending to Servicemembers (SCRA, JWNDAA), War, Terrorism
#2286645 - 07/16/23 12:24 PM Re: SCRA and Safe Deposit Boxes TeamComply
rlcarey Online
10K Club
rlcarey
Joined: Jul 2001
Posts: 85,020
Galveston, TX
Here is a rather good response from Andy regarding SCRA and safe deposit boxes: https://www.bankersonline.com/qa/drilling-safe-deposit-box-under-scra

Why would a deceased person still be on the contract?
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

Return to Top
#2293605 - 02/13/24 05:56 PM Re: SCRA and Safe Deposit Boxes TeamComply
mbl4250 Offline
Junior Member
Joined: Dec 2020
Posts: 33
once we pull the record from the SCRA website for the customer how long is it good for?

We pull the documentation, and they are not active so we start the process to drill the box, but it may take time and I'm not sure if we should be repulling before the drill date if there is a gap.

Return to Top

Moderator:  Andy_Z