5 CFR 1655.6 - Amount of loan.

§ 1655.6 Amount of loan.

(a)Minimum amount. The initial principal amount of any loan may not be less than $1,000.

(b)Maximum amount. The principal amount of a new loan must be less than or equal to the smallest of the following:

(1) The portion of the participant's individual account balance that is attributable to employee contributions and attributable earnings (not including any outstanding loan principal);

(2) 50 percent of the participant's vested account balance (including any outstanding loan balance) or $10,000, whichever is greater, minus any outstanding loan balance; or

(3) $50,000 minus the participant's highest outstanding loan balance (if any) during the last 12 months.

(c) If a participant has both a civilian TSP account and a uniformed services TSP account, the maximum loan amount available will be based on a calculation that takes into consideration the account balances and outstanding loan balances for both accounts.

This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.

This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].

It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.


United States Code

Title 5 published on 09-May-2017 03:44

The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 5 CFR Part 1655 after this date.

  • 2012-05-04; vol. 77 # 87 - Friday, May 4, 2012
    1. 77 FR 26417 - Roth Feature to the Thrift Savings Plan and Miscellaneous Uniformed Services Account Amendments
      GPO FDSys XML | Text
      FEDERAL RETIREMENT THRIFT INVESTMENT BOARD
      Final rule.
      This rule is effective May 7, 2012.
      5 CFR Parts 1600, 1601, 1604, 1605, 1650, 1651, 1653, 1655, and 1690
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