Federal · Title 50 — War and National Defense

50 U.S.C. § 3952: Protection under installment contracts for purchase or lease

Misdemeanor

What this law says, in plain English

A person who knowingly resumes possession of property in violation of protections for servicemembers' installment contracts or leases may be fined or imprisoned for not more than one year, or both.

Read the full statutory text

the purchase of real or personal property (including a motor vehicle); or the lease or bailment of such property, This section applies only to a contract for which a deposit or installment has been paid by the servicemember before the servicemember enters military service. A person who knowingly resumes possession of property in violation of subsection (a), or in violation of section 3918 of this title , or who knowingly attempts to do so, shall be fined as provided in title 18, or imprisoned for not more than one year, or both. may order repayment to the servicemember of all or part of the prior installments or deposits as a condition of terminating the contract and resuming possession of the property; may, on its own motion, and shall on application by a servicemember when the servicemember’s ability to comply with the contract is materially affected by military service, stay the proceedings for a period of time as, in the opinion of the court, justice and equity require; or may make other disposition as is equitable to preserve the interests of all parties.

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