Recent

  • Show all results for ""

🎧 New: AI-Generated Podcasts Turn your study notes into engaging audio conversations. Learn more

Loan Eligibility and Repayment for 401(k) and 457(b) Participants
5 Questions
0 Views

Loan Eligibility and Repayment for 401(k) and 457(b) Participants

Created by
@LuckyChalcedony6007

Podcast Beta

Play an AI-generated podcast conversation about this lesson

Questions and Answers

Which type of participants are eligible for new loans in the Main Plan 401(k) and 457b(b)?

  • PST participants
  • Beneficiaries
  • Retired annuitants
  • Active participants (correct)

    • Which source of money can loans be disbursed from?

  • Rollover pretax money source
  • Both roth and pretax money sources
  • Roth money source
  • Pretax money source (correct)

    • How many times can the payment date be changed during the life of a loan?

  • Unlimited times
  • Once (correct)
  • Twice
  • Three times

    • Which participants are not eligible for loans?

    <p>All of the above</p> Signup and view all the answers

    What is the default style of a loan?

    <p>Quarter following quarter</p> Signup and view all the answers

    More Quizzes Like This

    Test Your Knowledge on Loan Programs and Eligibility Requirements with this Quiz...
    16 questions

    DSCR Loan Quiz for Mississippi Homebuyers

    ArtisticLobster avatar
    ArtisticLobster
    Are You an Expert on USDA Home Loans?
    5 questions

    Are You an Expert on USDA Home Loans?

    TimelySparkle avatar
    TimelySparkle
    Loan Eligibility Quiz
    10 questions

    Loan Eligibility Quiz

    ImmenseSalamander avatar
    ImmenseSalamander
    12. VA Guaranteed Loans M/C
    10 questions

    12. VA Guaranteed Loans M/C

    MarvellousFeynman avatar
    MarvellousFeynman
    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser