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FAQs / CARES Act / L3) Can I take both a QPP loan and a TDA loan under the CARES Act?
L3) Can I take both a QPP loan and a TDA loan under the CARES Act?
Yes. If you meet the eligibility requirements to take a regular loan under both plans, you may take a CARES Act loan under both plans. However, the limits on loan frequency still apply. For QPP loans, one QPP loan per year is permitted, whether it is a CARES Act or a regular QPP loan. For TDA loans, a member may have up to five open TDA loans at the same time. Note: The higher loan amounts provided under the CARES Act are not available for loans requested after September 9, 2020.