Solider's HONR Act

Bill: 114-hr-6509
Sponsor: full_name: Rep. Heck, Denny [D-WA-10]
Introduced: 2016-12-08
Policy area: Armed Forces and National Security
Latest action: action_date: 2016-12-08
text: Referred to the Subcommittee on Economic Opportunity.

Summaries:
action_date: 2016-12-08
action_desc: Introduced in House
text: <p><strong>Soldier's Help Obtaining Negotiated Rates Act or the Solider's HONR Act</strong></p> <p>This bill amends the Servicemembers Civil Relief Act to permit an individual to provide to a creditor as proof of military service, in order to qualify for the active service interest rate limitation, a certified letter from a commanding officer or any other appropriate indicator of military service. A creditor may use information from the Defense Manpower Database Center indicating that the individual is on active duty. </p> <p>A creditor that uses center information has not failed to treat the individual's debt as required if: (1) such information indicates that such individual is not on active duty; and (2) the creditor has not received the other proof required.</p>

tv_txt: I 114th CONGRESS 2d Session H. R. 6509 IN THE HOUSE OF REPRESENTATIVES December 8, 2016 Mr. Heck of Washington introduced the following bill; which was referred to the Committee on Veterans' Affairs A BILL To amend the Servicemembers Civil Relief Act to improve the submission of proof of military service for purposes of interest rate limitations under such Act.

1. Short title This Act may be cited as the Soldier’s Help Obtaining Negotiated Rates Act or the Solider’s HONR Act . 2. Proof of period of military service for purposes of interest rate limitation under the Servicemembers Civil Relief Act Section 207(b)(1) of the Servicemembers Civil Relief Act ( 50 U.S.C. 3937(b)(1) ) is amended to read as follows: (1) Proof of military service (A) In general Not later than 180 days after the date of a servicemember's termination or release from military service, in order for an obligation or liability of the servicemember to be subject to the interest rate limitation in subsection (a), the servicemember shall provide to the creditor written notice and a copy of— (i) the military orders calling the servicemember to military service and any orders further extending military service; or (ii) any other appropriate indicator of military service, including a certified letter from a commanding officer. (B) Independent verification by creditor (i) In general Regardless of whether a servicemember has provided to a creditor the written notice and documentation under subparagraph (A), the creditor may use, in lieu of such notice and documentation, information retrieved from the Defense Manpower Database Center through the creditor’s normal business reviews of the Database Center for purposes of obtaining information indicating that the servicemember is on active duty. (ii) Safe harbor A creditor that uses the information retrieved from the Defense Manpower Database Center under clause (i) with respect to a servicemember has not failed to treat the debt of the servicemember in accordance with subsection (a) if— (I) such information indicates that, on the date the creditor retrieves such information, the servicemember is not on active duty; and (II) the creditor has not, as of such date, received the written notice and documentation required under subparagraph (A) with respect to the servicemember. .