Status
The processing timeline for a loan withdrawal ranges between 5 and 15 business days (not including check mailing/delivery time) from the receipt of a comple...
Thu, 25 Jun, 2020 at 3:20 PM
Loan withdrawal requests are processed in the order in which they are received. We cannot rush a loan withdrawal request to the head of the line as that wou...
Thu, 25 Jun, 2020 at 2:44 PM
Your Plan may have elected to adopt the provisions of the March 2020 CARES Act to allow for Coronavirus-Related Loans (CRL) and loan suspensions/extensions....
Thu, 25 Jun, 2020 at 12:40 PM
If the Plan allows for the suspension, then suspension of loan payments while on an approved leave of absence will last for no more than 12 months. IRS rule...
Thu, 4 Jun, 2020 at 1:09 AM
Depending on Plan Provisions (please review the Summary Plan Description for details on your Plan's Loan Policies), your loan may become due and payabl...
Thu, 4 Jun, 2020 at 1:05 AM
A loan does indeed become due and payable in full upon termination of employment. Continued payments and/or partial lump sum installments are not permitted....
Thu, 4 Jun, 2020 at 1:01 AM
