Monday, Oct. 26, 1942

For the Soldier's Family

For the benefit of the soldier and the family he leaves behind, many of the nation's debt and tax laws were suspended fortnight ago. Into effect went the Sparkman Act (after Alabama's Congressman John J. Sparkman), which tries to guarantee that no soldier shall return to find his home foreclosed, his insurance policies lapsed and his family out in the street. The new law bolsters earlier attempts to protect the serviceman, plugs the loopholes, sets up as solid a protective fence as any soldier could ask for. Outstanding provisions:

> If a soldier is unable to meet the debts he incurred before entering the Army, he can ask the courts to suspend them for the duration.

> Home mortgages cannot be foreclosed without the court's permission. Nor can personal property bought on the installment plan, unless it is something like automobiles, that might be worn out in the meantime. (Even then, the courts will see that the serviceman gets a fair deal.)

> Insurance policies up to $10,000 will remain in effect whether premiums are paid or not. After the war, the soldier will have two years to make up the back payments.

> To cancel leases on residence, farm or business, a soldier need give only 30 days' notice in writing.

> No creditor can charge a soldier or sailor more than 6% interest, even on old loans made at a higher figure.

> While in service and for six months afterward, soldiers need not meet income-tax payments--though they will have to settle later. If a soldier is behind on local taxes on his home or personal property, the tax collector cannot foreclose on his property without court permission.

> These provisions may be invoked by the soldier's dependents or insurance beneficiaries as well as by the soldier himself. In 50 cities member agencies of the Legal Aid Society will help enforce the law without charge. In every U.S. county, the American Bar Association plans to set up free advisory services. The rule for servicemen and service wives: if you have a financial problem, see a lawyer--free.

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