Annuity & Savings Plan

Hardship Distribution and Supporting Documentation

  IV.  Prevention of Eviction or Foreclosure

A.  You may receive a hardship if the distribution is necessary for the following

• To prevent eviction from your principal residence.
• To prevent foreclosure on the mortgage of your principal residence.
• The amount of the hardship may be in an amount sufficient to bring all payments current as of the date such funds are received.

B. If you request a hardship distribution to prevent eviction or foreclosure, you must have documentation to support your request. HRSA-ILA requires that you produce this documentation when you apply. If you cannot produce the documentation to substantiate your hardship request, your application will be denied. Complete the Worksheet for Hardship Withdrawal for Prevention of Eviction or Foreclosure. The following documentation is acceptable.

1. Eviction from the principle residence:

• Eviction notice issued by the landlord, apartment complex, court, or any other authorized entity and shall state the amount to be paid to prevent eviction and that such payments are past due.
• If the eviction notice is issued by an individual rather than a rental organization, you must also supply MassMutual with a copy of the lease agreement and a signed statement from the landlord.

2. Foreclosure on the principal residence:

Notice of foreclosure, (stating that proceedings have commenced or will commence either immediately or on a specific date), which must:

• Be issued by a bank, mortgage company, or other qualified lending institution.
• State the amount due to bring the mortgage current.
• State that foreclosure proceedings will commence immediately if the amounts owed are not paid.