You Can Now Apply for Coronavirus TSP Loans - June 16, 2020
By Ian Smith, Fedsmith
The Thrift Savings Plan has announced that TSP participants may now apply for the new temporary loan and withdrawal options available under the CARES Act.
Plan participants affected by the COVID-19 coronavirus can apply for a TSP general purpose loan with an increased maximum loan amount. These participants may also temporarily suspend payments on TSP loans they currently have and on loans taken between now and November 30, 2020.