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Asked 1/20/2010

Can I cancel My 401K If I have a loan out on it?

I have about $4,000 dollars in my 401K,I live in Oregon. I have a loan balance of $1,300 dollars on it. Can I still cancel my 401k? I broke my leg and need the money too keep my house! Please advise! THank you,And how long does it usually take if you can cancel to get your money?

 
 
 
 
 
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