Virginia | Investment Law
10/03/05, 2:07 pm
Legal Question
401K Loan Changed after 2 1/2 Years
I borrowed against my Fidelity 401K account to make a down payment on our house 2 1/2 years ago. I signed an agreement to pay it back within 15 years. A month ago, I received a letter saying that they had made a mistake, and that I had to pay it back within 10 years. Since we had a signed agreement to pay back the loan within 15 years, can Fidelity do this?
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Read More Answered By: Michael E. Hendrickson |
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