Computes the SCRA 6% interest-rate cap per 50 USC §3937 and determines whether excess interest is forgiven (never deferred). Applies to pre-service obligations of active-duty servicemembers upon written notice. Covers retroactive interest credit from the date military service begins. Table: SCRA-50USC3937-2022.
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ⓘ Not legal or compliance advice. SCRA coverage requires verification that the obligation pre-dates active-duty orders and that written notice (with a copy of the orders) was provided to the lender. This tool computes the arithmetic of the rate reduction; it does not substitute for legal review of covered-servicemember status.
Obligation Details
Contract rate before SCRA reduction. Must pre-date active-duty orders.
Number of months the cap applies (service period).
Servicemember Status
50 USC §3937 applies only to obligations incurred before the period of active military service.
Servicemember must provide written notice + copy of orders (50 USC §3937(b)(1)).