Compliance Bulletin

Bill Extends Financial Obligation Deferral Rights of Reservists
September 12, 2013

Under existing law reservists and members of the National Guard who are called to active duty because of the Iran or Afghanistan conflicts may defer certain debts.AB 526 was enacted to extend those rights to those who are called to active duty on or after January 1, 2014 for any reason.The bill also allows deferral of utility bills.Deferments are limited to a maximum of 180 days within a 365-day period.The reservist must deliver to an obligor a copy of his or her activation or deployment orders and any other information supporting the duration of the service.See CBA’s Regulatory Compliance Bulletin for more information

 

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