29A.95 - EXERCISE OF RIGHTS NOT TO AFFECT FUTURE FINANCIAL TRANSACTIONS.
29A.95 EXERCISE OF RIGHTS NOT TO AFFECT FUTURE
FINANCIAL TRANSACTIONS.
An application by a service member in military service for, or
receipt of, a stay, postponement, or suspension under the provisions
of this subchapter in the payment of any fine, penalty, insurance
premium, or other civil obligation or liability shall not be used as
the basis for any of the following:
1. A determination by any lender or other person that the service
member is unable to pay any civil obligation or liability in
accordance with its terms.
2. With respect to a credit transaction between a creditor and a
service member:
a. A denial or revocation of credit by the creditor.
b. A change by the creditor in the terms of an existing
credit arrangement.
c. A refusal by the creditor to grant credit to the service
member in substantially the amount or on substantially the terms
requested.
d. An adverse report relating to the creditworthiness of the
service member by or to any person or entity engaged in the practice
of assembling or evaluating consumer credit information. Section History: Recent Form
2002 Acts, ch 1117, §29, 40
Referred to in § 29A.105