austin3515 Posted July 1, 2015 Share Posted July 1, 2015 Participant was out on disability and hi loan payments were suspended for a year. The year was up 3/15/2015. Does the loan become incurable on 3/15/2015, or 6/30/2015 (i.e., the last day of the quarter following the quarter)? Austin Powers, CPA, QPA, ERPA Link to comment Share on other sites More sharing options...
Kevin C Posted July 2, 2015 Share Posted July 2, 2015 The cure period starts with the date the missed payment was due. [1.72(p)-1 Q&A 10 (a)]. If they were current on payments going into the suspension, the next payment would be due after the end of the suspension. I'd say 6/30/2015. Link to comment Share on other sites More sharing options...
austin3515 Posted July 2, 2015 Author Share Posted July 2, 2015 "Failure to make any installment payment when due" That seems to include an installment due 12 months after a leave begins! Austin Powers, CPA, QPA, ERPA Link to comment Share on other sites More sharing options...
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