1. Short title This Act may be cited as the Improving SCRA Benefit Utilization Act . 2. Financial literacy training regarding the Servicemembers Civil Relief Act Section 992 of title 10, United States Code, is amended— (1) in subsection (a)(1)— (A) by redesignating subparagraphs (D) and (E) as subparagraphs (E) and (F), respectively; and (B) by inserting, after subparagraph (C), the following new subparagraph (D): (D) consumer financial protections afforded to members and their dependents under the law, including protections regarding interest rate limits under section 207 of the Servicemembers Civil Relief Act ( 50 U.S.C. 3937 ); ; and (2) in subsection (d)(1), by inserting (including with regards to knowledge and use of protections regarding interest rates under section 207 of the Servicemembers Civil Relief Act ( 50 U.S.C. 3937 )) after preparedness . 3. Notification of benefits under the Servicemembers Civil Relief Act to servicemembers called or ordered to active duty or to active service Section 105 of the Servicemembers Civil Relief Act ( 50 U.S.C. 3915 ) is amended— (1) by striking the period at the end and inserting , including— ; and (2) by adding at the end the following new paragraphs: (1) at the time a person first enters military service; and (2) in the case of a person who is a member of a reserve component— (A) at the time the person first enters service in the reserve component; and (B) at any time when the person is mobilized or otherwise individually called or ordered to active duty for a period of more than 30 days. . 4. Financial institution obligation to apply maximum rate of interest on all servicemember debts incurred before military service Section 207(b) of the Servicemembers Civil Relief Act ( 50 U.S.C. 3937 ) is amended— (1) in paragraph (2)— (A) by striking the creditor shall treat the debt in accordance with subsection (a), effective as of the date on which the servicemember is called to military service. and inserting the creditor shall—