Requires military financial literacy training to cover Servicemembers Civil Relief Act interest rate protections, requires servicemembers to be notified of their SCRA benefits when they enter service or are called to active duty, and requires lenders to apply the interest rate limit to all of a servicemember's pre-service debts.

• Adds SCRA consumer protections, including the interest rate limit under section 207, to the financial literacy training required for members of the Armed Forces.
• Requires notification of SCRA benefits when a person first enters military service, and for reserve members when they enter the reserve component and when they are called to active duty for more than 30 days.
• Requires creditors to apply the interest rate limit to all other obligations of a servicemember incurred before military service, not only those listed in the servicemember's notice.
• Requires creditors to let servicemembers submit required documents online, by mail, or by fax, at the servicemember's choice.

• Armed Services Committee (House)
• Veterans' Affairs Committee (House)
• Economic Opportunity Subcommittee

Armed Forces and National Security