Title 50, War and National DefenseRelease 119-110
§3954 Settlement of Stayed Cases Relating to Personal Property
Title 50 › CHAPTER 50 — SERVICEMEMBERS CIVIL RELIEF › SUBCHAPTER III — RENT, INSTALLMENT CONTRACTS, MORTGAGES, LIENS, ASSIGNMENT, LEASES, COMMUNICATIONS SERVICE CONTRACTS › § 3954
Summary
If a stay is granted under this chapter, court may appoint three impartial appraisers. Based on the appraisal, if it won't unduly harm dependents, court may order servicemember equity paid to servicemember or dependents.
Full Legal Text
Title 50, §3954
War and National Defense, Source: USLM XML via OLRC
(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.
Legislative History
Notes & Related Subsidiaries
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.
Reference
Citations & Metadata
Citation
50 U.S.C. § 3954
Title 50, War and National Defense
Last Updated
Sep 22, 2026
Release point: 119-110