diff --git a/src/System.Management.Automation/engine/Modules/ModuleCmdletBase.cs b/src/System.Management.Automation/engine/Modules/ModuleCmdletBase.cs
index 3a6ba71ccd..340b95c49c 100644
--- a/src/System.Management.Automation/engine/Modules/ModuleCmdletBase.cs
+++ b/src/System.Management.Automation/engine/Modules/ModuleCmdletBase.cs
@@ -4505,13 +4505,15 @@ namespace Microsoft.PowerShell.Commands
                 result += extension;
             }
 
-            //For dlls, we cannot get the path from the provider.
-            //We need to load the assembly and then get the path.
-            //If the module is already loaded, this is not expensive since the assembly is already loaded in the AppDomain
+            // For dlls, we cannot get the path from the provider.
+            // We need to load the assembly and then get the path.
+            // If the module is already loaded, this is not expensive since the assembly is already loaded in the AppDomain
+            // If the dll is not loaded, we load it from the resolved path.
+            // We attempt to load it from the resolved path before we try to look up in GAC on Windows.
             if (!string.IsNullOrEmpty(ext) && ext.Equals(".dll", StringComparison.OrdinalIgnoreCase))
             {
                 Exception ignored = null;
-                Assembly assembly = ExecutionContext.LoadAssembly(name, null, out ignored);
+                Assembly assembly = ExecutionContext.LoadAssembly(name, result, out ignored);
                 if (assembly != null)
                 {
                     result = assembly.Location;
diff --git a/test/powershell/Modules/Microsoft.PowerShell.Core/Import-Module.Tests.ps1 b/test/powershell/Modules/Microsoft.PowerShell.Core/Import-Module.Tests.ps1
index 1e48961a66..2aa59cd840 100644
--- a/test/powershell/Modules/Microsoft.PowerShell.Core/Import-Module.Tests.ps1
+++ b/test/powershell/Modules/Microsoft.PowerShell.Core/Import-Module.Tests.ps1
@@ -179,6 +179,23 @@ namespace ModuleCmdlets
         }
 
     }
+
+    It 'Should load from ModuleBase path before looking up in GAC' -Skip:(-not $IsWindows) {
+        $module = Get-Module PSScheduledJob -ListAvailable -SkipEditionCheck
+        $moduleBasePath = Split-Path $module.Path
+        $destPath = New-Item -ItemType Directory -Path "$TestDrive/PSScheduledJob"
+        $gacAssemblyPath = (Get-ChildItem "${env:WinDir}\Microsoft.NET\assembly\GAC_MSIL\Microsoft.PowerShell.ScheduledJob" -Recurse -Filter 'Microsoft.PowerShell.ScheduledJob.dll').FullName
+
+        # Copy format, type and psd1
+        Copy-Item "$moduleBasePath/PSScheduledJob*.*" -Destination $destPath -Force
+
+        # Copy assembly to temp module folder"
+        Copy-Item $gacAssemblyPath -Destination $destPath -Force
+
+        # Use a different pwsh so that we do not have the PSScheduledJob module already loaded.
+        $loadedAssemblyLocation = pwsh -noprofile -c "Import-Module $destPath -Force; [Microsoft.PowerShell.ScheduledJob.AddJobTriggerCommand].Assembly.Location"
+        $loadedAssemblyLocation | Should -BeLike "$TestDrive*\Microsoft.PowerShell.ScheduledJob.dll"
+    }
  }
 
 Describe "Import-Module should be case insensitive" -Tags 'CI' {