Virginia  |  Investment Law

Legal Question

Asked on: 10/03/05, 2:07 pm

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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