XPO | T Rowe Price Can Temporarily Suspends 401k Loan Payments

Conway Lifer

TB Lurker
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I found this out by chance. Was logged in my TRP account, and this message was in the "in Box". Thought I would pass it along, just incase someone could use it.

The recent passage of the Coronavirus Aid, Relief, and Economic Security (CARES) Act allows qualified individuals impacted by the coronavirus to elect a temporary suspension of loan repayments.

Loan repayments due from March 27, 2020 to December 31, 2020 may be suspended temporarily. Interest will continue to accrueduring this period and the loan(s) will be reamortized following the end of the period. To elect a suspension of loan repayments click the “Suspend Loan Payments Coronavirus-Related Impact Only” link on the Take Action navigation menu.
 
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