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TIAA-CREF Loan provisions - Corbel Doc


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Getting a good question from an auditor about our loan provisions. Admittedly they don't fit well with the TIAA-CREF bazaaro loan policies. Anyone have any thoughts on how to handle? "Participant directed" election includes a statement in the loan program that all loan payments will be applied to participant accounts. If I don't check that box it says loan payments will be applied as earnings to the general trust fund.

Maybe I just edit that and say it's applied to the TIAA TRaditional Account. Anyone run into this before?

Austin Powers, CPA, QPA, ERPA

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