The Justice Department today announced that Village Capital & Investment LLC, a servicer of home loans guaranteed by the Department of Veterans Affairs, will pay over $500,000 to resolve allegations that it failed to properly apply Servicemembers Civil Relief Act (SCRA) interest rate benefits to at least 41 servicemembers’ mortgages and retaliated against servicemembers who requested interest rate benefits.“When lenders refuse to honor the benefits guaranteed under the Servicemembers Civil Relief Act — or worse, retaliate against those who assert their rights — they not only violate federal law, but undermine the trust that military families place in financial
Source: Read Original Article