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Regulation 7 Repayments collected by HMRC in respect of transferred loans

Original text. Later amendments are not shown.

(1)

After regulation 4 insert—

“Transfer of other repayments due to a loan purchaser

4A.
(1)

The Secretary of State must pay to a loan purchaser at such time and in such amount as may be agreed with the loan purchaser any sums which are paid directly to the Secretary of State in connection with transferred loans whether under Part 2 or 6.

(2)

The Secretary of State may make aggregate payments to a loan purchaser in respect of all or a number of transferred loans owned by that loan purchaser.”.