The Oklahoma Bar Journal February 2025

service, reservists and veterans who are called to active duty and citizens who are serving with allied forces. The SCRA provides protections for mortgages and leases (as well as other contracts). The protections extend to obliga tions incurred before the service member entered active-duty mili tary service and for a brief period after the active-duty service ends. For mortgages, the SCRA requires courts to stay foreclo sure proceedings in the interest of justice when a service member applies to the court and informs the court that the “servicemem ber’s ability to comply with the obligation is materially affected by military service.” 6 The SCRA also authorizes the court to adjust the mortgage obligation “to pre serve the interests of all parties.” 7 Additionally, during military ser vice, for mortgage obligations, the service member may request that a creditor limit the interest rate on the loan to 6% for all periods of military service and for one year

Statements or opinions expressed in the Oklahoma Bar Journal are those of the authors and do not necessarily reflect those of the Oklahoma Bar Association, its officers, Board of Governors, Board of Editors or staff.

FEBRUARY 2025 | 27

THE OKLAHOMA BAR JOURNAL