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  #1  
September 2nd, 2015, 03:38 PM
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SCRA Vehicle Lease Termination

Here I am looking for the details of the Servicemembers Civil Relief Act (SCRA) Vehicle Lease Termination so can you please give me some information about this? Also provide me the PDF file that contains the complete details of SCRA Vehicle Lease Termination?
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  #2  
October 10th, 2019, 09:10 AM
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Re: SCRA Vehicle Lease Termination

Can you provide me the details of the Vehicle Lease Termination under SCRA (SCRA LLC t/a Servicemembers Civil Relief Act)?
  #3  
October 10th, 2019, 09:11 AM
Super Moderator
 
Join Date: Mar 2012
Re: SCRA Vehicle Lease Termination

The details of the Vehicle Lease Termination under SCRA (SCRA LLC t/a Servicemembers Civil Relief Act) are as follows:


Vehicle lease termination under SCRA by active-duty servicemembers is possible if the servicemember or their wards used the vehicle for personal or business purposes.

Active-duty personnel can axe the vehicle lease if they signed it before they went on active duty. Under certain circumstances, they may also terminate if they signed it while on active military service.

Some examples are if they receive orders of a permanent change of station (PCS) outside of the U.S. or orders to deploy for more than 180 days.

Servicemembers need to send a written notification to the leasing company, enclosing a copy of the military orders. The servicemember must have the statement hand-delivered, delivered by U.S. mail (return receipt requested) or sent via a private carrier, like Fedex.

The envelope must contain a letter from the servicemember that says that they are terminating the vehicle lease. The terms usually require an odometer statement as well.

The servicemember must return the vehicle within 15 days of the leasing companys receipt of the envelope.

Once the leasing company has the notice and the car, the lease is terminated. The leasing company may not ask for an early termination fee. However, all amounts due on the lease through the termination date must be paid.

That includes taxes, vehicle registration fees and any damages to the vehicle. The leasing company also must refund any lease advances made within 30 days of the termination.

A leasing company can encounter the termination by going to court to try to prove that the servicemembers orders did not permit a termination, that military service did not affect the servicemembers ability to pay the lease payments or that the dependent does not qualify for SCRA protections.

A leasing company may not recover a vehicle or terminate a lease of an active servicemember without a court order if the servicemember signed the lease before active duty began. In fact, violations of this rule can result in fines and imprisonment.

Under most circumstances, a vehicle lease termination under SCRA is a fairly upfront and relatively easy process. But the servicemember must supply the proper documentation.


Contact Detail:
SCRA LLC t/a Servicemembers Civil Relief Act Centralized Verification Service
1120 20th St NW #S-300-RLK
Washington, DC 20036
Tel. (202) 462-0600


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