WASHINGTON, July 9 -- Federal Retirement Thrift Investment Board has issued a rule called: Procedures for Applying Payments to Principal and Interest Upon Loan Reamortization.
The rule was published in the Federal Register on July 9 by Ravindra Deo, Executive Director, Federal Retirement Thrift Investment Board.
Summary: The Federal Retirement Thrift Investment Board (FRTIB) is amending a regulation to require the Thrift Savings Plan (TSP) record keeper to combine the accrued interest with the outstanding principal when reamortizing a loan.
For more information, contact For press inquiries:James Kaplan at 202/465-5220. For other inquiries:Jessica Bradford at 202/942-1600.
The full text of the rule can be found at: http://www.gpo.gov/fds...