I was informed that any loan balance taken from your 401K must be repaid in 30 days from, termination, quitting or taking retirement. What I am trying to find out is, what if you are unable to repay the remaining balance within the 30 days. What penalties do you incur? Are these penalty fees automatically deducted form your 401K? Any way around the penalties? Can you repay from your own funds monthly just like they deduct from your paycheck to repay? Who can I contact to get the specifics?