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WCC

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  1. I cannot get a reponse from the prior TPA after multiple requests for the loan policy. The participnat terminated 4 years ago and has been making payments. The participnat sent me all their loan docs and there is no reference to what happens upon termination.
  2. After much searching, I have a question regarding a terminated employee with an outstanding loan. The loan policy does not require loan payments to be made via payroll. It is my understanding that in most cases loans go into default due to the loan policy requiring payment via payroll deduction, not necessarily because of termination alone. Since payments are not required to made via payroll, can a terminated employee continue making loan payments to avoid default? Are there any regs that would allow the sponsor to not accept a personal check for loan payments? I understand this is inconvenient, a hassel, not ideal, etc. Thank you
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