Financial Protections
Materially Affected
50 U.S.C. § 3937(a)(1)
Definition
A legal standard meaning that military service has a direct impact on the servicemember's ability to pay a debt or meet a financial obligation. Servicemembers must certify they are materially affected when requesting the interest rate cap.
Legal Reference
This term is defined in 50 U.S.C. § 3937(a)(1) of the Servicemembers Civil Relief Act.