CARES Act – 401k Loan Home › Forums › Member Forum › CARES Act – 401k Loan This topic has 0 replies, 1 voice, and was last updated 6 months, 3 weeks ago by Michael O’Leary. Viewing 1 post (of 1 total) Author Posts June 24, 2020 at 4:04 pm #42923 Michael O’LearyParticipant In order to take out a 401k loan of up to $100K, is the requirement to be a “qualified individual”: 1) Someone diagnosed with COVID? 2) Spouse of someone diagnosed? 3) Furloughed, quarantined or laid off due to COVID? Author Posts Viewing 1 post (of 1 total) You must be logged in to reply to this topic. Log In Username: Password: Keep me signed in Please type the answer 9 + 1 = Log In