Sec. 203. FINES AND PENALTIES UNDER CONTRACTS
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## SEC. 203 FINES AND PENALTIES UNDER CONTRACTS **[**[50 U.S.C. 3933](/us/usc/t50/s3933)**]** ###
(a)Prohibition of Penalties When an action for compliance with the terms of a contract is stayed pursuant to this Act, a penalty shall not accrue for failure to comply with the terms of the contract during the period of the stay. ###
(b)Reduction or Waiver of Fines or Penalties If a servicemember fails to perform an obligation arising under a contract and a penalty is incurred arising from that nonperformance, a court may reduce or waive the fine or penalty if— ####
(1)the servicemember was in military service at the time the fine or penalty was incurred; and ####
(2)the ability of the servicemember to perform the obligation was materially affected by such military service.
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Sec. 203
FINES AND PENALTIES UNDER CONTRACTS
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