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TDA Loan Application (code LO15)

TDA Loan Application (code LO15) 2026

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The document outlines the Tax Deferred Annuity (TDA) Loan Program for members of the Board of Education Retirement System (BERS). It details eligibility criteria, loan amounts, interest rates, service charges, repayment terms, and consequences of default. The program allows eligible participants to borrow against their TDA accounts with specific conditions regarding repayment and insurance coverage in case of death. Additionally, it includes application procedures and important information regarding loan management.

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Click ‘Get Form’ to open the TDA Loan Application in the editor.
Begin by entering your personal information, including your Member Number and Employee Identification Number. Ensure all details are accurate.
Select the loan type and specify the loan amount you wish to apply for. Remember, combined loan amounts cannot exceed $50,000 unless taken with a retirement application.
Fill in your repayment schedule by indicating either the repayment amount or duration, ensuring it meets the minimum requirement of 2% of your gross salary.
If opting for Electronic Funds Transfer (EFT), check 'YES' and skip banking details. If 'NO', provide your banking information accurately.
Review all entered information for accuracy before signing. A notary must witness your signature; do not sign until present.

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