401K Loan

as long as the loan is not mentioned in the 401K statement provided to the board, i'd keep it quiet.

I would be transparent about this if I were you.

ali r.
DG Neary Realty

^ I agree with front_porch. As Judge Judy says "if you lie about one thing, then I assume you're lying about everything."

If you get in front of it, then you don't have to worry about it.

paystubs? why would they ask for paystubs? W-2 yes, paystubs, no.

kaiser, i take it back. they will ask for the paystub and it will appear there.

Absolutely disclose it.
Maybe someone else can comment on if this is a good idea or not from the board point of view. When they look at your 401k (w/o) the loan the board will know if you needed a loan you could get it. They may view that amount as an emergency loan and not the way to have the required mortgage and maint. So maybe they want to see 2 years but the loan value of the 401k.