loan requests require processing through MBOS; however, employees shown
in the loan processing system as inactive from payroll cannot access
the MBOS Loan Application.
- Employees who apply for a loan within 6 months of returning from a leave of absence;
Employees who apply for a loan within 6 months of transferring within
the same retirement system to a new employer;
- State employees who are paid on a supplemental payroll schedule;
- Employees who receive an error that they must submit a paper application; and
Employees whose employer was late in submitting the Report of
Contributions for the quarterly posting.*
*Employees from a late-reporting location, after certification, may only borrow amounts based on the previously posted quarter.
If you fall under one of these categories, print a copy of the error page and
contact your human resources or personnel representative
to complete a Certified Loan Request form.