Chapter not applicable to certain loans from tax-qualified retirement plan.

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This chapter does not apply to any loan permitted under applicable federal law and regulations from a tax-qualified retirement plan to a person then a participant or a beneficiary under the plan.

This section affects loans being made, negotiated, renegotiated, extended, renewed, or revised on or after April 20, 1989.

[ 1989 c 138 § 1.]


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