Section 409.13 Of Chapter 7.5. Protections From California Military And Veterans Code >> Division 2. >> Part 1. >> Chapter 7.5.
409.13
. (a) To the extent permitted by federal law and the
California Constitution, any principal and interest on any financial
obligation or liability bearing interest and incurred by a member of
the California National Guard or his or her surviving spouse, or any
principal and interest on any financial obligation or liability
bearing interest incurred by a member of the California National
Guard for which the beneficiary of that member is liable, shall be
deferred for a period of six months after the death of the member
without penalty or accrual of any additional interest.
(b) For purposes of this section, the following terms have the
following meanings:
(1) "Interest" includes service charges, renewal charges, fees, or
any other charges with respect to any obligation or liability.
(2) "Beneficiary" means a beneficiary of the deceased member of
the California National Guard who is or has become, after the member'
s death, liable for any of the member's financial obligations or
liabilities bearing interest.
(c) This section shall only apply:
(1) To a member of the California National Guard that is killed in
the line of duty in the service of the state or federal government.
(2) When a member's surviving spouse or other beneficiary provides
written notice of the death of the member to the financial
institution to which he or she is liable and from which he or she is
requesting deferral of interest and payments as set forth in this
section.
(3) To a financial obligation or liability bearing interest that
was created between a private entity and a member of the California
National Guard or his or her surviving spouse, or to a financial
obligation or liability bearing interest that was created between a
private entity and a member of the National Guard for which the
beneficiary of that member is liable, before that member's entry into
service.