Tsp Loan Details

The Tsp 20 Loan Form is a contract that borrowers and lenders use to document the terms of a loan. The form includes key information about the loan, such as the amount being borrowed, the interest rate, and the repayment schedule. This document can be used for both personal and business loans. Having a solid understanding of what's included in a Tsp 20 Loan Form can help you make informed decisions about taking out or lending money. Are you interested in learning more about the Tsp 20 Loan Form? If so, keep reading! In this blog post, we'll discuss what's included in this document and why it's important. We'll also provide some tips on how to use this form effectively.

Here is the data regarding the file you were looking for to fill out. It will show you just how long it takes to fill out tsp 20 loan form, exactly what fields you will need to fill in and several further specific facts.

QuestionAnswer
Form NameTsp 20 Loan Form
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other namestsp20, thrift savings plan loan, tsp 20 loan, tsp form 20

Form Preview Example

THRIFT SAVINGS PLAN

TSP-20

LOAN APPLICATION

Before completing this form, read the TSP booklet Loans and the instructions with this form. Your Loan Agreement, any correspondence related to your loan, and, if applicable, your loan check will be sent to your TSP address of record. If you believe that your address is not up-to-date, please contact your agency or service to update your TSP address of record before you apply for the loan.

I. INFORMATION ABOUT YOU— This request applies to my:

 

Civilian Account

1.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Last Name

 

 

 

 

 

 

 

 

 

 

 

 

 

 

First Name

 

 

 

 

 

 

 

 

 

Uniformed Services Account

Middle Name

2.

3.

/

/

4.

TSP Account Number

Date of Birth (mm/dd/yyyy)

Daytime Phone (Area Code and Number)

 

 

 

 

 

II. YOUR LOAN ReqUeST

5. Amount Requested: $

 

 

,

 

 

 

.00

(Must be $1,000 or more.)

7.Pay Schedule: The most common civilian pay schedule is biweekly (i.e., every 2 weeks, 26 times a year). If you are paid biweekly, check this box:

If NOT paid biweekly, select from the options below: (The uniformed services pay schedule is monthly.)

12 times a year (Monthly)

Twice a month, 24 times a year (Semimonthly)

52 times a year (Weekly)

6.Type and Term of Loan: (Complete a or b)

a. General Purpose LoanTime to Repay (cannot exceed 5 years)

years and

 

 

months

b.Residential LoanTime to Repay (cannot exceed 15 years) (For the purchase or construction of your primary residence only. Official documentation is required.)

years and

 

 

months

III.INFORMATION ABOUT YOUR SPOUSe—If you are married or legally separated, complete the information below.

8.

 

 

Spouse’s Name (Last, First, Middle)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

9.

Is your spouse’s address the same as yours?

 

 

Yes

 

 

No (Complete Items 10 –14 or, if unknown, Item 15.)

 

 

 

 

10.

 

 

Foreign address?

11.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Check here.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Street Address or Box Number (For a foreign address, see instructions.)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Street Address Line 2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

12.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

13.

 

 

 

City

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

State

Check here if you are a FERS employee or a member of the uniformed services

15.and will not be able to obtain your spouse’s signature on your Loan Agreement

or if you are a CSRS employee and you don’t know the whereabouts of your spouse.

(Provide your spouse’s name and SSN in this section. See instructions.)

14.

 

 

 

 

 

 

 

 

 

 

 

 

 

Zip Code

 

 

 

 

 

 

Spouse’s Social Security Number

IV. YOUR SIGNATURe AND ceRTIFIcATION—I certify that the information I have provided on this form is true and complete to the best of my knowledge. I also certify that I am unmarried if I did not complete Section III. Warning: Any intentional false state- ment in this application or willful misrepresentation concerning it is a violation of law that is punishable by a fine or imprisonment for as long as 5 years, or both (18 U.S.C. § 1001).

16.

Participant’s Signature

18.

17.

/ /

Date Signed (mm/dd/yyyy)

Mailing Address (We will use this address only to notify you if we cannot locate your account based on the information you provided on this form.)

Do Not Write Below This Line

FORM TSP-20 (4/2012)

PREVIOUS EDITIONS OBSOLETE

* P I I S 0 0 2 2 8 8 0 1 2 0 0 0 0 0 0 0 0 P I I S

*

TSP-20, GENERAL INFORMAtION ANd INstRuctIONs

To ensure that your request is not delayed, type or print the requested information legibly inside the boxes using black or dark blue ink.

Your Loan Agreement and any correspondence related to your loan will be sent to your tsP address of record. Also, unless you request on the Loan Agreement to have your loan paid by direct deposit into your checking or savings account, your loan check will be sent to your ad- dress of record. This address will be provided on the Loan Agreement. If you believe that your address is not up-to-date, please contact your agency or service to update your TSP address of record before you apply for the loan.

Before completing this application, read the TSP booklet Loans to understand the features of the loan program, eligibility require- ments, and your responsibilities when you borrow from your TSP account. The booklet is available from your agency personnel of- fice, your service, or the TSP website (www.tsp.gov). Make a copy of this completed form for your records and mail the original form to the following address:

thrift savings Plan P.O. Box 385021 Birmingham, AL 35238

Or fax the form to 1-866-817-5023.

1–4: Information About You. Provide all the requested informa- tion. Your TSP account number is displayed on your participant statements.

5:Amount Requested. You may not borrow more than the to- tal amount that you contributed to the TSP and the earnings on that amount. You may not borrow less than $1,000 or more than $50,000. To determine the maximum amount you may borrow, you can visit the TSP website at www.tsp.gov or call the toll-free ThriftLine at 1-877-968-3778; TDD: 1-877-847-4385. Outside the U.S. and Canada, call 404-233-4400 (not toll free).

If you are not eligible to borrow the amount you requested, your Loan Agreement will be generated with the maximum amount you can borrow. Also, if you request a loan for less than $1,000, your loan amount will automatically become $1,000 as long as you have that amount available to borrow.

Note: Your loan will be disbursed proportionally from any tradition- al (non-Roth) and Roth balances in your account. Similarly, if you are a uniformed services employee with tax-exempt contributions in your account, your loan will contain a proportional amount from your tax-exempt contributions as well. Your loan payments will be deposited back into your account based on the same proportion(s) used at the time your loan was disbursed.

6:type and term of Loan. If you are requesting a general purpose loan, complete the requested information in Item a. If you are ap- plying for a residential loan, fill in the information requested in Item b. You can request a residential loan only for the purchase or construction of your primary residence.

For a General Purpose Loan, the minimum time to repay is 1 year; the maximum time is 5 years. No documentation is required.

For a Residential Loan, the minimum time to repay is

1 year; the maximum time is 15 years. Documentation of the amount will be required when you return your Loan Agreement. Do not send documentation for the amount of the loan with this form.

If you indicated in Item 6 a payment term of less than 1 year, your loan term will automatically be changed to a term of 1 year. If you indicated more than 5 years for a general purpose loan or more than 15 years for a residential loan, your term will be changed to the maximum term allowed for that type of loan.

7:Pay schedule. Loan payments are deducted from your pay each pay period. Make sure you indicate the correct pay schedule or your loan payments will be incorrect.

8–14: Information About Your spouse. If you are married (even if separated from your spouse), you must supply the requested in- formation about your spouse in Items 8 through 14. If your spouse has a foreign address, check the box in Item 10 and enter the for- eign address as follows:

First address line: Enter the street address or post office box number, and any apartment number.

Second address line: Enter the city or town name, other principal subdivision (e.g., province, state, county), and postal code, if known. (The postal code may precede the city or town.)

City/State/Zip Code fields: Enter the entire country name in the City field; leave the State and Zip Code fields blank.

If your spouse uses an Air/Army Post Ofice (APO) or Fleet Post Ofice (FPO) address, enter the address in the two available ad- dress lines (include the unit designation). Enter APO or FPO, as appropriate, in the City field. In the State field, enter AE as the state abbreviation for Zip Codes beginning with 090–098, AA for Zip Codes beginning with 340, and AP for Zip Codes beginning with 962–966. Then enter the appropriate Zip Code.

15: Notiication or consent of spouse not possible. The TSP must notify the spouse of a CSRS participant before a loan can be made. Spouses of FERS participants and of members of the uniformed services must consent to the loan by signing the Loan Agreement. Check Item 15 and provide your spouse’s Social Security number only if you are:

FERS or are a member of the uniformed services and you cannot obtain your spouse’s signature because your spouse’s whereabouts are unknown or exceptional circumstances make it impossible to obtain your spouse’s signature, or

CSRS and your spouse’s whereabouts are unknown.

You may be able to obtain an exception to these spousal rights requirements, but you must submit Form TSP-16, Exception to Spousal Requirements (TSP-U-16 for uniformed services). You are strongly encouraged to mail Form tsP-16/u-16 and sup- porting documentation with this Loan Application. You can ob- tain Form TSP-16/U-16 from the TSP website (www.tsp.gov) or from your agency or service.

PRIVAcY Act NOtIcE. We are authorized to request the information you provide on this form under 5 U.S.C. chapter 84, Federal Employees’ Retirement System. We will use this information to identify your TSP account and to process your transac- tion. In addition, this information may be shared with other Federal agencies for statistical, auditing, or archiving purposes. We may share the information with law enforcement agencies investigating a violation of civil or criminal law, or agencies

implementing a statute, rule, or order. It may be shared with congressional offices, private sector audit firms, spouses, former spouses, and beneficiaries, and their at- torneys. We may disclose relevant portions of the information to appropriate parties engaged in litigation and for other routine uses as specified in the Federal Register. You are not required by law to provide this information, but if you do not provide it, we will not be able to process your request.

Form TSP-20 (4/2012)

PREVIOUS EDITIONS OBSOLETE