"Participant has 4 loans outstanding; all were taken for 5-year terms. Vested account balance exceeds $100,000. Current loan balance, rate and maturity date: $8500 at 8% matures 4/30/28, $4000 at 8% matures 9/30/28, $4700 at 8% matures 5/15/28 and $20,000 at 6.75% matures 4/30/31. Loans are consolidated at current rate of 6.75%, new balance of $37,200 with a new maturity date of 6/30/31. Does this loan consolidation exceed the loan limits and if so, what is the amount of the deemed distribution?"