Thread: Address to repay TSP loan (early)?

Welcome and good question. This is what I find.

Loans must be repaid through payroll deductions over the payment period specified in your Loan Agreement. You can make additional loan payments by personal check or money order to repay your loan more quickly or to make up for missed payments. Be sure to write your loan number on your check and send it in with a Loan Payment Coupon. There is no penalty for early prepayment.
If correct loan payments are not received from your agency in accordance with the repayment schedule, you must send in a payment yourself to cover the missing amount. If you do not make up the missed payments within the time limits set by the IRS, the TSP will declare a taxable distribution in the amount of the unpaid loan principal and any unpaid interest. The distribution will be subject to income tax for the year in which it is declared. You may also be subject to the 10 percent Internal Revenue Code early withdrawal penalty tax on this distribution. Once a taxable distribution has been declared for default, you cannot repay your loan. In addition, you will not be eligible for another loan within 12 months of the date of your taxable distribution.
If your loan payments are incorrect or if they are missed for any reason (for example, error, leave without pay, transfer to another agency), you should contact your agency immediately. If you go into approved nonpay status, loan payments can be suspended for the nonpay period — but only for up to one year, due to IRS requirements. (A special rule applies to those who go into nonpay status to perform military service.) The TSP can assist you in determining the amount of money you may owe. You can also determine the amount owed using this Web site (on the Account Access menu page, click on Loans and then Outstanding Loans). You are responsible for repaying your loan.
You can also reamortize your loan. Reamortization means that your loan payments can be recalculated to increase or decrease the amount of your payments or to lengthen or shorten the term of the loan, or to change your pay cycle (i.e., biweekly to monthly). There are no limitations on how often you can reamortize the loan throughout the life of the loan.
If you leave Federal service, you must repay the loan in full, including any interest on the outstanding principal. If you are requesting a withdrawal of your TSP account, delay in repaying your loan will affect the processing of your withdrawal. If you do not repay the loan, the TSP will declare a taxable distribution for the balance of the outstanding principal and interest. The TSP will also declare a taxable distribution to your estate if you have an outstanding TSP loan when you die.

go to http://www.tsp.gov/ pick account access>all transactions> do the login thing > pick loans. There is a form there, under outstanding loans i think, you fill in your account # and amount then print and mail in. no electronic fund transfers for early payoffs. takes about 7-10 days to arrive at tsp and clear your account.

I can't seem to get to it because i don't have an outstanding loan, but it's somewhere around the change payment/reamortize information.

http://www.tsp.gov/forms/oc02-7.html
Print coupon and send to:
Thrift Savings Plan
P. O. Box 979004
St. Louis, MO 63197-9000

if you don't have access to tsp web site, here is the text of the instructions, can't paste the coupon as the tables/fields don't transfer correctly:

Checklist for Making Loan Payments

The Loan Payment Coupon below can be completed on line. Please enter all information on the coupon, including your complete TSP account number to help us identify your account. Otherwise, your payment will be returned.


Make your payment with a personal check, cashier’s check, or money order made payable to the Thrift Savings Plan. Personal checks must have at least your name and the check number pre-printed on them.


Write your loan number on your check or money order. If you do not know your loan number, check your account on the TSP Web site (www.tsp.gov) or call the TSP (1-877-968-3778, or 404-233-4400 outside the U.S. and Canada).

Sign your check. Do not send cash.

If you want to make payments for more than one loan, send a separate check (or money order) and coupon for each loan.

When you send us a check for your loan payment, it will be converted into an electronic funds transfer (EFT). This means that we will make an electronic image of your check and use the account information on it to debit your bank account electronically for the amount of the check. The debit from your account will usually occur within 24 hours of the time we receive the payment.
Although the debit will be reflected on your bank statement, you will not receive the cancelled check because the original will be destroyed after we image it. If for some technical reason the data from the EFT cannot be processed, we will transmit our imaged copy of your check to your bank.

Do not send correspondence or other TSP forms with this coupon or the processing of your check will be delayed.

Mail this coupon and your check to:

Thrift Savings Plan
P. O. Box 979004
St. Louis, MO 63197-9000

Send overnight deliveries to: U.S. Bank, Box 9004, Government Lockbox SL-MO-C2GL, 1005 Convention Plaza,
St. Louis, MO 63101