When can the interest rate be returned to the original contract rate under the SCRA?

The interest rate can be returned to the original contract rate under the Servicemembers Civil Relief Act (SCRA) when the servicemember leaves active duty. The SCRA provides servicemembers with certain protections, including a cap on interest rates for pre-service debt, which is typically limited to 6% during active duty. Once the servicemember has completed their service and returns to civilian life, they are no longer eligible for the protections of the SCRA regarding interest rates. Therefore, the lender may revert the interest rate back to the original contracted terms recognizing that the servicemember is no longer in active duty status. This provision is crucial as it gives servicemembers the financial relief they need during their service and ensures that lenders can resume normal contractual expectations once that service is concluded.