|
|
Article: Aid During Crisis, Pt. II.(California reservists called to active duty may be eligible for delay in payment on a loan)(Brief Article)
- Article from:
- San Diego Business Journal
- Article date:
- October 22, 2001
- Author:
CopyrightCOPYRIGHT 2001 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
What if you're a debtor being called to active duty?
The California Military Reservist Relief Act of 1991 entitles many military reservists to a delay in payments on a loan secured by a deed of trust until active duty ends. No interest may be charged on the delayed principal and interest payments, Barreto said.
The reservist may apply for the relief, or family members may do this on the ...