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Click ‘Get Form’ to open the trs tda loan application in the editor.
In Part A, provide your personal information including your name, address, and Social Security number. Ensure all details are accurate.
Move to Part B and specify the amount you wish to borrow. You can either enter a dollar amount or select 'maximum' for the highest available loan.
Indicate your preferred repayment period, which cannot exceed 60 months. If you are a retiree, choose how you want to make payments—either directly or through automatic deductions.
Select your preferred method of receiving the loan funds in Part B. Choose between receiving it by mail or via Electronic Fund Transfer (EFT) if eligible.
Complete any additional sections as required based on your employment status and whether you're applying in conjunction with retirement.
Finally, sign and date the application in Part G before having it notarized in Part H.
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You may take one TDA loan within a 12month period. Under Internal Revenue Service (IRS) regulations, TRS must treat each loan issued under the TDA ProgramRead more
A TDA loan a participant loan that reduces your TDA account by the amount of the loan plus the service charge. amount that you can borrow is $1,000. The
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