(a) The brand new Board can get declare any delinquent loan dominating, also outstanding attract, become a nonexempt shipping about Package in the event the:
(1) A participant is during a verified nonpay position to possess a period of time of a single 12 months or maybe more, have not told the new Tsp that he / she is actually offering into the active army responsibility, and you will payments commonly started again adopting the new member is actually informed new financing might have been reamortized;
(2) An associate distinguishes away from Government solution and will not pay back new a fantastic mortgage dominant and you may need for complete inside the months given from the find on the participant about Tsp record keeper explaining the participant’s cost possibilities;