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balance. (See pages 9 – 10.) You must submit payment directly to the TSP any
time your agency/service does not.
If you change agencies or payroll oices—for example, when you transfer
from one civilian agency to another, from one component of the uniformed
services to another, or from active duty to Ready Reserve—you must inform
your new agency or service that you have a TSP loan and instruct it to continue
your TSP loan payments. You are responsible for submitting loan payments
directly to us until your new agency or service begins deducting loan
payments from your pay. If, because of a transfer or for any other reason, you
change to a dierent pay cycle, you must log in to My Account on tsp.gov and
update the information. We will then reamortize your loan, meaning we will
change your loan payment to match your new pay schedule. Important: Oen
going to a new agency means a change in your home address. It is vital that
you verify that your new agency has changed your address with us and that
your loan is in good standing. If we don’t have your correct address and you
don’t check online, you will have no way of knowing if your loan is in danger of
going into delinquency. This could have serious tax consequences. Log in to My
Account on tsp.gov to make sure your address is right and your loan is in order.
You can make additional loan payments by check, money order, or direct
debit at any time to pay o your loan more quickly or to make up for missed
payments. Use one of the ThriLine Service options listed on page 19 to learn
how to do this.
You can also repay your loan in full at any time without a prepayment penalty
by check, money order, or direct debit. Log in to My Account on tsp.gov or
contact us to get your payo amount and the date that amount is good through.
If you pay the amount shown in time for it to be applied by the date shown, it will
cover all unpaid principal and any interest due, and your loan will be closed. We
will notify you and your payroll oice, if applicable, when your loan has been
paid in full. If payments continue, contact your payroll oice immediately.
You cannot stop your loan payments. When you agree to the loan terms, you
agree to repay the loan in full, and you authorize payroll deductions. (You may
also have authorized direct debits from your bank if you separated from federal
service or went into nonpay status with an outstanding loan balance.) If you go
into nonpay status, please see Appendix I, “How Nonpay Status Aects Your
TSP Account.”
At the beginning of each month, we identify loans with missing loan
payments. We will notify you if we find you have missed two or more payments
or paid less than the required amount. If the missing amount is not posted to