Procedures for Applying Payments to Principal and Interest Upon Loan Reamortization

2 months ago 10

Federal Retirement Thrift Investment Board.

The Federal Retirement Thrift Investment Board (FRTIB) proposes to amend a loan reamorization rule that requires payment of all accrued interest prior to allowing payments on the principal and current interest. Under the proposed rule, the Thrift Savings Plan (TSP) record keeper would combine the accrued interest with the outstanding principal when reamortizing a loan.

Comments must be received on or before May 19, 2025.

You may submit comments using one of the following methods:

  • Federal eRulemaking Portal:https://www.regulations.gov. Follow the instructions for submitting comments.
  • Mail: Office of General Counsel, Attn: Dharmesh Vashee, Federal Retirement Thrift Investment Board, 77 K Street NE, Suite 1000, Washington, DC 20002.

Comments will be made available to the public online at https://www.regulations.gov. Do not include any personally identifiable or confidential information that you do not want publicly disclosed. Anonymous comments are acceptable.

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