[Code of Federal Regulations]
[Title 5, Volume 3]
[Revised as of January 1, 2001]
From the U.S. Government Printing Office via GPO Access
[CITE: 5CFR1655.14]

[Page 292]
 
                    TITLE 5--ADMINISTRATIVE PERSONNEL
 
         CHAPTER VI--FEDERAL RETIREMENT THRIFT INVESTMENT BOARD
 
PART 1655--LOAN PROGRAM--Table of Contents
 
Sec. 1655.14  Loan payments.

    (a) Loan payments (except for prepayments) may only be made through 
a discretionary payroll allotment. The allotment must remain in effect 
for the life of the loan.
    (b) The initial payment on a loan is due on or before the 60th day 
following the loan issue date. The date when the initial payment is due 
may be adjusted by the Executive Director from time to time.
    (c) Subsequent payments are due at regular intervals according to 
the participant's pay cycle as prescribed in the Loan Agreement/
Promissory Note.