[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: 5CFR1655.17]

[Page 294]
 
                    TITLE 5--ADMINISTRATIVE PERSONNEL
 
         CHAPTER VI--FEDERAL RETIREMENT THRIFT INVESTMENT BOARD
 
PART 1655--LOAN PROGRAM--Table of Contents
 
Sec. 1655.17  Prepayment.

    (a) A participant may prepay a loan in full at any time before the 
declaration of a distribution under Sec. 1655.13 unless a separated 
participant has signed a statement that he or she does not intend to 
prepay. Partial prepayments are not permitted. Prepayment in full means 
receipt by the recordkeeper of payment of all principal and interest due 
in the form of a certified or cashier's check, a certified or 
treasurer's draft from a credit union, or a money order.
    (b) If a participant returns a loan check to the recordkeeper in 
order to repay his or her loan, it will be treated as a prepayment in 
full. However, additional interest may be owed.

[55 FR 979, Jan. 10, 1990, as amended at 61 FR 58757, Nov. 18, 1996]