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Repayment Deadline for Coronavirus-Related Loan?
BenefitsLink Message BoardsLink to more items from this source
June 9, 2021

"As many probably remember, initially it was indicated that a participant could take up to a $100,000 participant loan through the CARES Act. It was also described that the repayment could be deferred for up to a year. Then after reviewing closer, the year was to be no later than January 1, 2021. In any event, there was confusion on this. I thought I read something about how a repayment will be considered timely if it was made on or prior to February 28, 2021. Did anyone else remember this?"

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