Recently I paid off my 401k loan with a certified check to apply for another loan at the end of my 5 day waiting period I called fidelity they told me as of 4/27/15 at 8.30am the waiting period has been changed to 30 days. Then Fidelity contacted someone at Ryder to make an exception. Someone wanted proof that the payoff funds cleared my bank before my loan could be approved. I have two questions it was a certified check how can it no clear 2 how can you change your policy without informing your employees? Our HR Dept didn't know