Suppose I have two different employers each with a 401k plan. I payoff a loan with one plan. Less than 12 months later I want to take out a loan from the other plan. Is the maximum loan limit for the second loan affected by the first loan?
Each employer plan stands by itself unless the employers are related. So... as long as the two employers are not related, then the loan from your second plan will not be affected by the loan from the first plan.
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