Regulation 10 Revision of the terms of repayment

(1)

Where the circumstances of the recipient of an integration loan change, the Secretary of State may revise the terms of repayment.

(2)

In determining whether or not to revise the terms of repayment, the Secretary of State must, in addition to other matters appearing to him to be relevant, take into account—

(a)

any information provided by the recipient of an integration loan in support of a request for a revision of the terms of repayment;

(b)

any information available to the Secretary of State as to the current financial position of the recipient of an integration loan;

(c)

any information available to the Secretary of State as to a change of circumstances on the part of the recipient of an integration loan which might merit a revision of the terms of repayment of that loan.

(3)

The recipient of an integration loan must be informed in writing of a revision of the terms of repayment.