[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: 5CFR1655.6]

[Page 289]
 
                    TITLE 5--ADMINISTRATIVE PERSONNEL
 
         CHAPTER VI--FEDERAL RETIREMENT THRIFT INVESTMENT BOARD
 
PART 1655--LOAN PROGRAM--Table of Contents
 
Sec. 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 or reamortized 
loan, when added to any outstanding loan principal, may not exceed any 
of the following:
    (1) The portion of the participant's individual account balance that 
is attributable to employee contributions and earnings (including any 
outstanding loan principal).
    (2) $50,000 minus the excess of the highest outstanding loan 
principal of the participant during the preceding year over the current 
outstanding loan principal.
    (3) The greater of \1/2\ of the participant's vested account balance 
(including any outstanding loan principal), or $10,000.
    (c) Subject to the requirement of paragraph (a), a participant may 
request a loan for the maximum allowable amount as calculated in 
paragraph (b).