Tda loan 2011 form-2025

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2014 4.4 Satisfied (568 Votes)
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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.
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Generally, the minimum TDA loan amount that you may borrow is $1,000. However, you may borrow a minimum of $250 if you have a previous outstanding TDA loan. Your new TDA loan amount, plus your existing TDA loan balance, must total at least $1,000.
If you are a participant in TRS Tax-Deferred Annuity (TDA) Program and you are in active service, on a leave of absence, or have TDA Deferral status, you may apply for a TDA loan by logging in to the secure section of our website or by filing a paper TDA Loan Application (code LO15) .
If you require additional assistance, we encourage you to contact our Member Services Center at 1 (888) 8-NYC-TRS.
In general, direct monthly payments will be required for the duration of the loan. Unless you elect TDA Deferral status, any outstanding TDA loan balance you have on your effective retirement date will not be repaid to TRS and will be considered a distribution; this information will be provided to the IRS.
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