Would the Participant in the example below be considered as experiencing "adverse financial consequences as a result of being quarantined" and qualify for loan deferment?
Example: Participant: has 401k loan but has not had a reduction in hours/pay due to COVID-19; Participant's Spouse: lost job due to COVID-19 (not diagnosed with COVID-19 but cannot work)
CARES Act Qualified Individual: to an individual (a) who is diagnosed with COVID-19, (b) whose spouse or dependent is diagnosed with COVID-19, or (c) who experiences adverse financial consequences as a result of being quarantined, furloughed, laid off, had hours reduced, or other factors as determined by the Secretary of the Treasury during the COVID-19 pandemic
