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PARTICIPANT LOAN POLICY Your Plan permits loans to be made to Participants, their beneficiaries, and alternate payees pursuant to a written loan policy. All references to Participants in this loan
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Special rules for CARES refer to specific regulations and provisions established under the Coronavirus Aid, Relief, and Economic Security (CARES) Act aimed at providing relief and support to individuals and businesses affected by the COVID-19 pandemic.
Individuals and entities that are claiming benefits or additional provisions provided under the CARES Act, such as small businesses seeking PPP loans or individuals applying for unemployment assistance are required to file the special rules.
To fill out the special rules for CARES, applicants must complete the appropriate forms as specified by the IRS or relevant state agencies, providing accurate information about their financial situation, income, and any other required documentation.
The purpose of special rules for CARES is to provide financial assistance and resources to help individuals and businesses navigate the economic challenges caused by the COVID-19 pandemic and to stimulate economic recovery.
Applicants must report information such as their identification details, income levels, business revenue, number of employees, and any other relevant financial data as required by the filing guidelines.
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