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Employee w/ loan becomes Union EE--default the loan?


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Plan excludes Union employees.

January 2022, non-union employee, Tim, takes $10,000 loan for 5 years.

May 2024 Tim becomes union employee and is now in an excluded class in the plan.

What happens to the loan?

QKA, QPA, CPC, ERPA

Two wrongs don't make a right, but three rights make a left.

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