Covered Borrower Identification Statement for Persons in Military Service
Updated 01/01/2025
This form can be used for a covered borrower under SCRA to identify themselves.
WARNING – As of October 3, 2016, this form will no longer provide safe harbor for purposes of the Military Lending Act (MLA)–financial institutions either will need to run a check on the DoD’s website, or obtain verification of covered borrower status from a credit bureau, as required by 32 CFR ยง 232.5.
Members Can Download This Tool
Login to Download
Not Yet a Member?
Our members enjoy:
On-demand regulatory guidance hotline โ by chat, phone and email โ available from anywhere, on any device โ 7 am - 6 pm, M-F, Central time
Research time saved daily & weekly across forms, checklists, and trainings โ for every regulation
Hours of form-building and branding of bank documents saved; in some cases, even the budget of additional staff
A sounding board for support and reassessment when institutional goals or the regulatory environment changes
Access to attorneys and compliance specialists for risk modelling and decision-making in advance of large business decisions
The knowledge that C/A was created and owned by 30 State Bankers Association to provide bank compliance services to their membership organizations
Find out how a personalized team of attorneys and compliance professionals helps build targeted compliance strategies throughout your institution when you take our Live Membership Demo.