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Plan 093849 Employee 401 k Plan Loan Continuation Election Form As an employee who is currently on a leave of absence other than military leave or as a former employee of Nissan North America Inc. you may elect to continue payment on an outstanding Nissan Employee 401 k Plan loan through electronic debits by completing this form. Prior to completing this form and authorizing the deduction of your loan payment s by electronic debit entries from yo...
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What is loan continuation election form?
The loan continuation election form is a document that allows borrowers to elect to continue their loan under certain conditions, such as during a financial hardship or when the loan terms change.
Who is required to file loan continuation election form?
Borrowers who meet the eligibility criteria specified by the lender or governing authority are required to file the loan continuation election form.
How to fill out loan continuation election form?
To fill out the loan continuation election form, borrowers need to provide personal and loan information, specify the reason for the continuation, and sign the form. The specific instructions may vary depending on the lender or governing authority.
What is the purpose of loan continuation election form?
The loan continuation election form serves the purpose of allowing borrowers to request to continue their loan under certain circumstances, ensuring flexibility and accommodation in loan repayment.
What information must be reported on loan continuation election form?
The loan continuation election form typically requires borrowers to report their personal details (name, address, contact information), loan details (account number, outstanding balance), and provide necessary documentation or explanations based on the specific eligibility criteria.
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