Administrative error?

[FundeK]

Did the DOL or IRS issue any type of relief for correcting delinquent loans that became delinquent due to administrative error? I have been told there may have been some type of guidance issued, or someone was thinking about issuing guidance, or they would prefer to torture us....Anyway, I can't find anything anywhere.

How do you handle loans that are in default because a payroll deduction was never started? Do you deem the loan, or allow a corrective action? Does it matter if the loan was issued prior to 1/1/04? Are you tired of all of my questions yet?

Thanks!

[R. Butler]

We treat it as a default. I am unaware of any recent guidance that would change that (although I have been swamped & have read very little over the past 2 or 3 months, so I could very well have missed something.)

I am assuming cure period is over.