Loan Policy requiring loans to be paid back in less than 5 Years?

[Guest nancy814]

I have a client who wants to amend their loan policy to require that loans be repaid within 4 years rather than 5 Years. Is this permissible?

Thanks much for your help!

[Mike Preston]

Yes, but if the net effect is to make loans unaffordable for NHCE's it can be a violation of the non-discrimination rules vis-a-vis benefits, rights and features.

[Guest nancy814]

Thank you, I had never had this question asked before and it threw me for a loop. Appreciate your help!