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NA TIONAL ASSOCIATION OF COUNTIES DEFERRED COMPENSATION PROGRAM THE DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYERS LOANS TO PARTICIPANTS AMENDMENT TO PLAN DOCUMENT WHEREAS, PLAN SPONSOR executed the above referenced Plan Document, as amended: and WHEREAS, effective the plan document. , PLAN SPONSOR now desires to further amend The following Section 8.06 is hereby added: 8.06 Loans to P ARTICIP ANTS (a) PLAN SPONSOR has elected to make loans available to P ARTICIP ANTS and has delegated certain administrative duties regarding loans from the PLAN to the ADMINISTRATOR (b) Any loan by the PLAN to a PAR TICIP ANT under this Section shall be subject to the loan administrative procedures established by the ADMINISTRATOR as well as the following requirements: (iii) (i) Loan Eligibility. Any P ARTICIP ANT may apply for loan under the PLAN. A P ARTICIP ANT who has defaulted on a previous loan from the PLAN shall not be eligible for another loan from the PLAN until all defaulted loans are repaid in full, induding accrued interest and fees. (ii) Loan Application and Loan Agreement. A PARTICIPANT must complete and return to ADMINISTRATOR a loan application. A non- refundable application fee established by ADMINISTRATOR will be deducted from the PARTICIPANTS ACCOUNT(s) at the time of loan origination. Before a loan is issued, the P ARTICIP ANT must enter into a legally enforceable loan agreement as provided for by the ADMINIST A TOR Loan Repayment. The P ARTICIP ANT receiving a loan shall be required to furnish to ADMINISTRATOR any information and authorization necessary to effectuate repayment of the loan prior to the commencement of a loan. In the event that a payment cannot be processed because ofIack of sufficient funds, the ADMINISTRATOR shall assess an insufficient funds charge which will be deducted ITom the PARTICIPANTS ACCOUNT(s).