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► 50 U.S.C. § 3954 50 u.s.c. · servicemembers civil relief · title 50
50 U.S.C. § 3954
Settlement of stayed cases relating to personal property
Title 50 USC
● ACTIVE
Ch. 50
Jurisdiction Federal — United States
Chapter SERVICEMEMBERS CIVIL RELIEF
Primary Source uscode.house.gov ↗
Federation ID OM-USC50-SEC-BFB910
► STATUTORY TEXT primary source · verbatim · uscode.house.gov

U.S.C. Title 50 - WAR AND NATIONAL DEFENSE 50 U.S.C. United States Code, 2023 Edition Title 50 - WAR AND NATIONAL DEFENSE CHAPTER 50 - SERVICEMEMBERS CIVIL RELIEF SUBCHAPTER III - RENT, INSTALLMENT CONTRACTS, MORTGAGES, LIENS, ASSIGNMENT, LEASES, COMMUNICATIONS SERVICE CONTRACTS Sec. 3954 - Settlement of stayed cases relating to personal property From the U.S. Government Publishing Office, www.gpo.gov

§3954. Settlement of stayed cases relating to personal property

(a) Appraisal of property When a stay is granted pursuant to this chapter in a proceeding to foreclose a mortgage on or to repossess personal property, or to rescind or terminate a contract for the purchase of personal property, the court may appoint three disinterested parties to appraise the property. (b) Equity payment Based on the appraisal, and if undue hardship to the servicemember's dependents will not result, the court may order that the amount of the servicemember's equity in the property be paid to the servicemember, or the servicemember's dependents, as a condition of foreclosing the mortgage, repossessing the property, or rescinding or terminating the contract.

(Oct. 17, 1940, ch. 888, title III, §304, as added Pub. L. 108–189, §1, Dec. 19, 2003, 117 Stat. 2848.)

Editorial Notes

Codification Section was formerly classified to section 534 of the former Appendix to this title prior to editorial reclassification and renumbering as this section.

Prior Provisions A prior section 304 of act Oct. 17, 1940, ch. 888, art. III, as added Oct. 6, 1942, ch. 581, §12, 56 Stat. 772; amended Pub. L. 102–12, §9(9), Mar. 18, 1991, 105 Stat. 40, related to termination of leases by lessees, prior to the general amendment of this Act by Pub. L. 108–189. See section 3955 of this title.

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.

Source: uscode.house.gov — public domain Official Source ↗
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The statutory text of 50 U.S.C. § 3954 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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← 50 U.S.C. § 3953 50 U.S.C. § 3955 →
Chapter 50 — SERVICEMEMBERS CIVIL RELIEF
50 U.S.C. § 390150 U.S.C. § 390250 U.S.C. § 391150 U.S.C. § 391250 U.S.C. § 391350 U.S.C. § 391450 U.S.C. § 391550 U.S.C. § 391650 U.S.C. § 391750 U.S.C. § 391850 U.S.C. § 391950 U.S.C. § 392050 U.S.C. § 393150 U.S.C. § 393250 U.S.C. § 393350 U.S.C. § 393450 U.S.C. § 393550 U.S.C. § 393650 U.S.C. § 393750 U.S.C. § 393850 U.S.C. § 3938a50 U.S.C. § 395150 U.S.C. § 395250 U.S.C. § 3953
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50 U.S.C.
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50 U.S.C. § 3954
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Chapter
50 — SERVICEMEMBERS CIVIL RELIEF
Title
War and National Defense
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Federal
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OM-USC50-SEC-BFB910
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War and National Defense — 50 U.S.C. § 3954