Navigation:  Loan Screens > Account Adjustment Screen > Modify Account field group > Service Member's Civil Relief Act

Entry: User, radio

F/M: Yes

Mnemonic: MLSASA

Screen: Loans > Account Adjustment screen

 

The three checkbox fields in the Modify Account field group deal with reporting account adjustments to the Credit Bureaus. If you mark any of these checkboxes, a Special Comment Code is attached to the account and it is sent to the Credit Bureau at monthend.

 

•When Consumer Credit Counseling is selected, the special comments code is B.

 

•When Guard/Reserve on Active Duty is selected, the special comment code is AI unless this field is marked (in which case nothing is reported).

 

•Checking the Service Member's Civil Relief Act box does not assign a Special Comment Code. However, Action Code 80 (FNMA 12 - Relief Provisions) is applied to the account when this box is checked (and the information is saved). See also: SCRA Fields field group.

 

•If both Guard/Reserve on Active Duty and Consumer Credit Counseling are marked, the Special Comment Code (as explained in help for the Loans > Credit Reporting screen) reported will depend on the code's priority (as set up on the Loans > System Setup Screens > Special Comment Priorities screen).

 

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