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Cure period waiver


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Guest tmills
Posted

I'm trying to determine whether a participant with an outstanding loan can, as part of the distribution process, waive the cure period. A participant requesting a distribution before the cure period ends certainly seems to be automatically waiving, and I would like to state that on the distribution form. It seems logical that they can waive, but I have found nothing specific in the forums or Code on the topic. The plan's loan rules are silent on this. Thoughts especially those including citations, are appreciated.

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