50 U.S.C. § 4021 — Anticipatory relief

Page 1015 TITLE 50—WAR AND NATIONAL DEFENSE § 4022 1 So in original. Probably should be ‘‘Effect’’. SUBCHAPTER VII—FURTHER RELIEF § 4021. Anticipatory relief (a) Application for relief A servicemember may, during military service or within 180 days of termination of or release from military service, apply to a court for re- lief— (1) from any obligation or liability incurred by the servicemember before the servicemember’s military service; or (2) from a tax or assessment falling due be- fore or during the servicemember’s military service. (b) Tax liability or assessment In a case covered by subsection (a), the court may, if the ability of the servicemember to com- ply with the terms of such obligation or liability or pay such tax or assessment has been materi- ally affected by reason of military service, after appropriate notice and hearing, grant the fol- lowing relief: (1) Stay of enforcement of real estate contracts (A) In the case of an obligation payable in installments under a contract for the purchase of real estate, or secured by a mortgage or other instrument in the nature of a mortgage upon real estate, the court may grant a stay of the enforcement of the obligation— (i) during the servicemember’s period of military service; and (ii) from the date of termination of or re- lease from military service, or from the date of application if made after termination of or release from military service. (B) Any stay under this paragraph shall be— (i) for a period equal to the remaining life of the installment contract or other instru- ment, plus a period of time equal to the pe- riod of military service of the servicemember, or any part of such com- bined period; and (ii) subject to payment of the balance of the principal and accumulated interest due and unpaid at the date of termination or re- lease from the applicant’s military service or from the date of application in equal in- stallments during the combined period at the rate of interest on the unpaid balance prescribed in the contract or other instru- ment evidencing the obligation, and subject to other terms as may be equitable. (2) Stay of enforcement of other contracts (A) In the case of any other obligation, li- ability, tax, or assessment, the court may grant a stay of enforcement— (i) during the servicemember’s military service; and (ii) from the date of termination of or re- lease from military service, or from the date of application if made after termination or release from military service. (B) Any stay under this paragraph shall be— (i) for a period of time equal to the period of the servicemember’s military service or any part of such period; and (ii) subject to payment of the balance of principal and accumulated interest due and unpaid at the date of termination or release from military service, or the date of applica- tion, in equal periodic installments during this extended period at the rate of interest as may be prescribed for this obligation, li- ability, tax, or assessment, if paid when due, and subject to other terms as may be equi- table. (c) Affect 1 of stay on fine or penalty When a court grants a stay under this section, a fine or penalty shall not accrue on the obliga- tion, liability, tax, or assessment for the period of compliance with the terms and conditions of the stay. (Oct. 17, 1940, ch. 888, title VII, § 701, as added Pub. L. 108–189, § 1, Dec. 19, 2003, 117 Stat. 2860.) Editorial Notes CODIFICATION Section was formerly classified to section 591 of the former Appendix to this title prior to editorial reclassi- fication and renumbering as this section. PRIOR PROVISIONS A prior section 701 of act Oct. 17, 1940, ch. 888, art. VII, as added Pub. L. 92–540, title V, § 504(2), Oct. 24, 1972, 86 Stat. 1098; amended Pub. L. 102–12, § 3, Mar. 18, 1991, 105 Stat. 34, related to power of attorney, prior to the general amendment of this Act by Pub. L. 108–189. See section 4022 of this title. Provisions similar to this section were contained in section 700 of act Oct. 17, 1940, ch. 888, art. VII, as added Oct. 6, 1942, ch. 581, § 18, 56 Stat. 777, prior to the general amendment of this Act by Pub. L. 108–189. Statutory Notes and Related Subsidiaries EFFECTIVE DATE Section applicable to any case not final before Dec. 19, 2003, see section 3 of Pub. L. 108–189, set out as a note under section 3901 of this title. § 4022. Power of attorney (a) Automatic extension A power of attorney of a servicemember shall be automatically extended for the period the servicemember is in a missing status (as defined in section 551(2) of title 37) if the power of attor- ney— (1) was duly executed by the servicemember— (A) while in military service; or (B) before entry into military service but after the servicemember— (i) received a call or order to report for military service; or (ii) was notified by an official of the De- partment of Defense that the person could receive a call or order to report for mili- tary service; (2) designates the servicemember’s spouse, parent, or other named relative as the servicemember’s attorney in fact for certain, specified, or all purposes; and (3) expires by its terms after the servicemember entered a missing status. (b) Limitation on power of attorney extension A power of attorney executed by a servicemember may not be extended under sub-