Guest cke66edy Posted February 17, 2011 Posted February 17, 2011 Sponsor did not set up loan repayment in payroll. Not long enough to be deemed distribution. It appears there are corrective procedures under IRB 2008-50 which allow for the re-amortizing of the loan vs. requiring the participant to make it immediately current. It's not clear to me if this can be done under the self-correction program. Can someone confirm that this can be self corrected? Thanks.
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