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Subject:  Re: Defaulting on 401k Loan Date:  7/20/2012  5:45 PM
Author:  TMFBro Number:  70875 of 88498

One of the other problems is if you quit your job or get laid off, you have to pay the loan back within 60 days or it will be deemed a distribution, and you pay the penalties AJ mentioned. That stinks, but it would be doubly stinky if you had to do it after losing your job.

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