Pam Shoup Posted December 28, 2021 Posted December 28, 2021 We have a participant who took a Covid loan in 2020. The plan permits two loans only for the purpose of re-financing. He does not have enough available with the (reduced) $50,000 limitation to re-finance and extend out for another five years. He could re-finance and have it paid off by the original due date. So this is my question, since this was a Covid loan, the original due date was essentially 6 years (5+1). With a refinance of a Covid loan, are we to use the original due date of 5 years out or the extended Covid due date? Pamela L. Shoup CEBS, RPA, QKA
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