Page:United States Statutes at Large Volume 56 Part 1.djvu/799

 56 STAT.] 77TH CONG., 2D SESS.-CH. 581 -OCT. 6 ,'1942 or against his heirs, executors, administrators, or assigns, whether such cause of action or the right or privilege to institute such action or proceeding shall have accrued prior to or during the period of such service, nor shall any part of such period which occurs after the date of enactment of the Soldiers' and Sailors' Civil Relief Act Amendments of 1942 be included in computing any period now or hereafter provided by any law for the redemption of real property sold or forfeited to enforce any obligation, tax, or assessment." SEC. 6. Article II of such Act is amended by adding at the end thereof the following: "SEc. 206. No obligation or liability bearing interest at a rate in excess of 6 per centum per annum incurred by a person in military service prior to his entry into such service shall, during any part of the period of military service which occurs after the date of enact- ment of the Soldiers' and Sailors' Civil Relief Act Amendments of 1942, bear interest at a rate in excess of 6 per centum per annum unless, in the opinion of the court, upon application thereto by the obligee, the ability of such person in military service to pay interest upon such obligation or liability at a rate in excess of 6 per centum per annum is not materially affected by reason of such service, in which case the court may make such order as in its opinion may be just. As used in this section the term 'interest' includes service charges, renewal charges, fees, or any other charges (except bona fide insurance) in respect of such obligation or liability." SEC. 7 . The title to article III of such Act is amended to read as follows: "RENT, INSTALLMENT CONTRACTS, MORTGAGES, LIENS, ASSIGNMENTS, LEASES". SEc. 8 . (a) Section 300 (2) of such Act is amended by adding the following sentence: "Where such stay is granted or other order is made by the court, the owner of the premises shall be entitled, upon application therefor, to relief in respect of such premises similar to that granted persons in military service in sections 301, 302, and 500 of this Act to such extent and for such period as may appear to the court to be just." (b) Section 300 (3) of such Act is amended by inserting after the word "hereof" a comma and "or attempts so to do,". SEC. 9 . (a) Section 301 (1) of such Act is amended to read as follows: "SEC. 301. (1) No person who has received, or whose assignor has received, under a contract for the purchase of real or personal property, or of lease or bailment with a view to purchase of such property, a deposit or installment of the purchase price, or a deposit or install- ment under the contract, lease, or bailment, from a person or from the assignor of a person who, after the date of payment of such deposit or installment, has entered military service, shall exercise any right or option under such contract to rescind or terminate the contract or resume possession of the property for nonpayment of any installment thereunder due or for any other breach of the terms thereof occurring prior to or during the period of such military service, except by action in a court of competent jurisdiction." (b) Section 302 (1) of such Act is amended by striking out the words "originating prior to the date of approval of this Act and", and by inserting after the word "him" the words "which obligations originated prior to such person's period of military service". (c) Sections 301 (3) and 302 (2) of such Act are each amended by striking out the words "except as provided in section 303,". (d) Section 301 (2) of such Act is amended by striking out the word "hereof" and inserting in lieu thereof the words "of this section or in section 107, or attempts so to do,". 771 54 Stat. 1180. 50 U. 8. C., app. 5I 520-525 . Ante, p. 770 . Interest rate on obli- gations. "Interest." 54 Stat. 1181. 50 U. S. 0., app. i§5 30-533 . 54 Stat. 118L 50U. S. C., app. 530 (2). Stay of eviction; relief of owner. 54 Stat. 1182 118& 0U.S.d., app. §§ 531, 532, 560. Post, p. 776. 54 Stat. 1182 . 50 U. S. C., app. 630 (3). 54 Stat. 1182. 50 U. S. C., app. §531 (l). Installment con- tracts for purchase of property. 54 Stat. 1182. 50 U. S. C., app. §532 (1). 54 Stat. 1182. 50U.S.C app. S 531 (3), 532 (2). 54 Stat. 1182. 50 U. S. C., app. 531 (2). Ante, p. 770

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