bzorc Posted December 22, 2011 Posted December 22, 2011 Am I wrong, or did the IRS limit the number of outstanding loans a participant may have to three in their recent regulations regarding loans? I have a client at three and someone wants a 4th. Thanks for any assistance!
Guest Offender Posted December 23, 2011 Posted December 23, 2011 The 3-loan limit is part of the SEAL Act which was introduced in the Senate earlier this year, by Senator Kohl. Still in committee, no action yet, no action likely.
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