5 CFR 1655.5 - Loan repayment period.

Regulations last checked for updates: May 18, 2024

Title 5 - Administrative Personnel last revised: May 15, 2024

View all text of Part 1655 [§ 1655.1 - § 1655.21]

§ 1655.5 - Loan repayment period.

(a) Minimum. The minimum repayment period a participant may request for a general purpose loan is 12 months of scheduled payments. The minimum repayment period a participant may request for a residential loan is 61 months of scheduled payments.

(b) Maximum. The maximum repayment period a participant may request for a general purpose loan is 60 months of scheduled payments. The maximum repayment period a participant may request for a residential loan is 180 months years of scheduled payments.

[87 FR 31692, May 24, 2022]

authority: 5 U.S.C. 8432d,8433,8439

source: 68 FR 35515, June 13, 2003, unless otherwise noted.

cite as: 5 CFR 1655.5