1. Purpose and Structure

This document describes the International Union of Painters and Allied Trades (IUPAT) Mortgage Relief Program (MRP), a set of mortgage relief benefit programs made available to eligible IUPAT members in connection with the IUPAT Homeownership Program.

The Mortgage Relief Program does not create a separate employee welfare benefit plan. Instead, it describes mortgage relief benefits that are provided pursuant to and funded by the existing Finishing Industry Disaster Relief (FIDR) Fund.

All benefits described herein are subject to the terms, conditions, and fiduciary authority of the applicable governing documents. This document is intended solely as a program description and summary of program terms.

2. Important Definitions

Closing Date: The date on which all loan documents are executed, funds are disbursed, and legal ownership of the property is transferred from the seller to the borrower, as evidenced by the recording of the deed and mortgage or deed of trust in the public land records.

Disability: You are disabled when due to an Injury or Sickness, you are:

• unable to perform all the material and substantial duties of your occupation you are routinely performing for your Employer,
• under the regular care of a Physician, and
• experiencing a loss of weekly income of at least twenty percent (20%) of your pre-disability earnings.

Funding Date: The date on which the lender disburses loan proceeds in immediately available funds to the settlement agent, seller, or other entitled parties in accordance with the loan documents.

Lifetime Benefit: A benefit payable only once during a member’s time as a IUPAT member.

Medical Certification: Documentation completed by a licensed health care provider that certifies the existence of an Injury or Sickness, describes resulting functional limitations, confirms inability to perform occupational duties, and identifies the expected duration of your disability.

Mortgage in Good Standing: A Homeownership Program mortgage that is current and not more than 15 days past due on any required payment and is not in default under the terms of the mortgage loan documents.

3. General Eligibility

To be eligible for benefits under the Mortgage Relief Program, an individual must:

1. be an active, dues-paying member of the International Union of Painters and Allied Trades in good standing for a total of at least twelve (12) continuous months, which may occur before obtaining a Homeownership Program mortgage, after obtaining a Homeownership Program mortgage, or through a combination of both,
2. have a Homeownership Program mortgage in good standing for at least twelve (12) continuous months, and
3. maintain continuous active, dues-paying membership in the International Union of Painters and Allied Trades in good standing, without interruption, for the duration of the Homeownership Program mortgage, and
4. meet the specific qualifying criteria for the applicable mortgage relief program described below.

Registered retirees are not eligible for benefits under the Mortgage Relief Program unless expressly stated otherwise.

Only mortgage loans originated through the Homeownership Program are eligible for benefits under the Mortgage Relief Program. Mortgages originated outside of the Homeownership Program are not eligible.

If a Homeownership Program mortgage is refinanced through an approved Homeownership Program lender, the history of the original Homeownership Program mortgage will be applied toward the required mortgage seasoning period, subject to Program rules.

4. Disability Grant Program

The Disability Grant Program provides mortgage payment assistance to eligible participants who become Disabled.

To qualify:

1. you must be an active, dues-paying member of the International Union of Painters and Allied Trades in good standing for a total of at least twelve (12) continuous months, which may be satisfied before obtaining a Homeownership Program mortgage, after obtaining a Homeownership Program mortgage, or through a combination of both,
2. have a Homeownership Program mortgage in good standing for at least twelve (12) continuous months, and
3. maintain continuous active, dues-paying membership in the International Union of Painters and Allied Trades in good standing, without interruption, for the duration of the Homeownership Program mortgage, and
4. you or your eligible IUPAT Co-Signer must meet the Program definition of Disability and you provide required Medical Certification regarding your Disability from your treating Physician,
5. your weekly income must be reduced by at least twenty percent (20%) due to your disability, and
6. the disability and income loss must occur after the twelfth (12th) consecutive month of having a Homeownership Program mortgage.

Benefits are paid directly to the mortgage servicer.

Grants do not require repayment. An initial benefit may cover up to three (3) months of mortgage payments. Upon recertification, up to three (3) additional months may be approved, for a maximum of six (6) months or ten thousand dollars ($10,000), whichever occurs first.

Continued eligibility requires ongoing Medical Certification.

5. Strike or Lockout Grant Program

The Strike or Lockout Grant Program provides mortgage payment grants to eligible participants who experience a union-approved strike or employer lockout.

To qualify:

1. you must be an active, dues-paying member of the International Union of Painters and Allied Trades in good standing for a total of at least twelve (12) continuous months, which may be satisfied before obtaining a Homeownership Program mortgage, after obtaining a Homeownership Program mortgage, or through a combination of both,
2. have a Homeownership Program mortgage in good standing for at least twelve (12) continuous months, and
3. maintain continuous active, dues-paying membership in the International Union of Painters and Allied Trades in good standing, without interruption, for the duration of the Homeownership Program mortgage, and
4. you must be out of work and experience a loss of income for at least thirty (30) consecutive days due to a strike or lockout, and
5. the strike or lockout must occur after the Homeownership Program mortgage has been in good standing for at least twelve (12) consecutive months.

Grants do not require repayment. Benefits may cover up to six (6) months of mortgage payments or ten thousand dollars ($10,000), whichever occurs first.

Multiple grants may be available over time, subject to program limits and mortgage-specific caps.

6. Program Administration and Claims

The Mortgage Relief Program is administered on behalf of the governing trusts. Claims intake, verification, and processing are handled by Union One Benefits Administration, Inc., subject to the authority and oversight of the applicable trust fiduciaries.

Union One is responsible for:

• verifying eligibility data,
• assessing documentation, and
• issuing benefit determinations in accordance with program rules and trust requirements.

7. Submitting a Claim

Applications must be submitted electronically at:
https://www.iupathomeahead.com

Supporting documentation must be submitted to:
mrp@iupathomeahead.com

Claims are administered by Union One Benefits Administration, Inc.
(224) 228-6419

8. Claim Filing Deadlines

Disability Grant Program

• Claims must be submitted within twelve (12) months of the applicable qualifying event.
• for disability benefits, the qualifying event date is the date the disability first occurs, and
• for all other benefits, the qualifying event date is the date the event occurs.

Strike or Lockout Grant

• claims must be submitted within three (3) months of the start date of the strike or lockout.

9. Program Administrator

Union One Benefits Administration, Inc.
28160 W Northwest Hwy, Suite 100
Lake Barrington, IL 60010
Phone: (224) 228-6419

10. Coordination of Benefits

A participant may not receive benefits under more than one mortgage relief program for the same mortgage payment period.

Benefits are coordinated and offset dollar-for-dollar so total assistance does not exceed the applicable mortgage payment for any given month.

11. Claim Determinations

Claims are decided within ninety (90) days of receipt of required information. Appeals must be submitted within sixty (60) days.

Trustee decisions of the respective governing trusts are final and binding.

12. Reservation of Rights

The governing trusts reserve the right to amend, modify, suspend, or terminate any mortgage relief program at any time, in accordance with the terms of the applicable trust documents.

Important Note

This document is a program description only and does not create a separate employee welfare benefit plan. All benefits are provided exclusively through existing IUPAT benefit trusts and are subject to their governing documents.