50a U.S. Code Rule - Exercise of rights under Act not to affect certain future financial transactions
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Application by a servicemember for, or receipt by a servicemember of, a stay, postponement, or suspension pursuant to this Act [sections
501 to
515 and
516 to
597b of this Appendix] in the payment of a tax, fine, penalty, insurance premium, or other civil obligation or liability of that servicemember shall not itself (without regard to other considerations) provide the basis for any of the following:
(1)
A determination by a lender or other person that the servicemember is unable to pay the civil obligation or liability in accordance with its terms.
(3)
An adverse report relating to the creditworthiness of the servicemember by or to a person engaged in the practice of assembling or evaluating consumer credit information.
Source
(Oct. 17, 1940, ch. 888, title I, § 108, as added Pub. L. 108–189, § 1,Dec. 19, 2003, 117 Stat. 2840.)
Prior Provisions
A prior section
518, act Oct. 17, 1940, ch. 888, art. I, § 108, as added Pub. L. 102–12, § 7,Mar. 18, 1991, 105 Stat. 38, related to the effect of certain future financial transactions on the exercise of rights, prior to the general amendment of this Act by Pub. L. 108–189.
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