Legal Question in Credit and Debt Law in Texas
Servicemembers relief act
Two military people entered into a contract to purchase a vacation club. the remaining contract was to be paid off in 90 day. 2 weeks after signing this agreement one of the military parties was short notice deployed to Iraq for 6 month. Contact was made with the company for an extension until the return of the deployed soider and the company stated that they don't have to honor the relief act because the property is located in another country (Mexico). With that I assumed we had just lost the inital deposit due to the inability of the deployed member to make any payment. After the 90 days had lapsed I recieved a call from the company stating that the account would be transferred over to a collection agency for non payment and adverse remarks placed on our credit reports. How can a company not honor the US relief act based on them not being located in the US but then use US Credit reporting angencies to tarnish our credit report?
2 Answers from Attorneys
Re: Servicemembers relief act
Excellent point you make there. It's because they are idiots. If you want to discuss this further send me an e-mail.
Re: Servicemembers relief act
You didn't say where the contract was made, or the location of the agent of the vacation club. If this was a timeshare in Cozumel or Cancun, Mexican law would prevail. Read your contract well.
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