Santo Gold Posted January 26, 2007 Posted January 26, 2007 If a participant wants to take a loan in February, is there a specified amount of time when the loan repayments must begin? The participant wants to start repayments in June and the loan procedures are silent on this. Thanks
JanetM Posted January 26, 2007 Posted January 26, 2007 72(p)(2)© says a plan loan must be repaid (amortized) with level payments of principal and interest, made no less frequently than quarterly, over the term of the loan. JanetM CPA, MBA
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