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Author: TMFPixy Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75669  
Subject: Re: 403(b) loans Date: 8/25/1998 5:22 PM
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Ntesta, you asked:

Is there an ERISA code that specifies that money in a 403(b)(7) can't be taken for a loan unless the money has been in the account for 60 days? I know some documents allow it and other don't but is it an ERISA ruling or just a fund co option??

A 60-day delay is not a legal requirement of which I'm aware. That's something imposed by the plan document.

Regards…..Pixy

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