You are eligible for a loan if you had contributions made on your behalf by an Employer during the two (2) plan years preceding your loan application. No loan will be granted for less than $1,000 dollars.

You may request a loan or the refinancing of a loan based on your Account once every twelve (12) months from the date of your previous loan, not once per Plan Year. The amount of the loan shall not exceed the following maximum amounts in your Account attributable to your Salary Deferral and any earnings thereon:

Account Balance	Maximum Loan
Under $100,000	50% of Account balance
Over $100,000	$50,000

If you borrow money from the Plan, you have to sign a promissory note and agree to pay an interest at a rate comparable to the prevailing interest rate charged on similar type commercial loans by institutions in the business of lending money. Loans can be made for a term of up to five years, except a home loan which may be repaid over a longer period of time, amortized in monthly level payments. There are also certain fees that automatically will be deducted from your Account when you take a loan. The fees are as follows:

• Loan Set-Up Fee $50
• Notice of Default $50
• Return Check Fee $25
• Loan Refinance Fee $50

If an outstanding loan is refinanced through the Fund, it is to be treated as a second loan, and the $50,000 maximum loan limit shall apply to the sum of the new loan and the portion of the old loan being paid off. The refinanced loan must be repaid by the original payment date of the loan being refinanced.

A loan shall not be considered paid if you default on the loan and the Fund treats it as a taxable distribution.

If you default on your loan, you will not be eligible for another loan from the Plan.