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Was Loan Provision Needed for CARES Loans?
BenefitsLink Message BoardsLink to more items from this source
Oct. 21, 2021

"Did a plan document need to have loan provisions already in place before they issued CARES loans? We have a client that issued an $80,000 loan without having a loan provision in the plan. Could we retroactively amend the plan to allow for loans?"

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