Regulation 77 Application to cease repayment by instalmentsI1

United Kingdom

(1)

A borrower who—

(a)

is required to make repayments F1of a loan under this Part; and

(b)

who has not been required to repay F2the loan in full immediately under regulation 78,

may apply to the Authority for a determination that the borrower is no longer required to make such repayments.

(2)

Where the Authority is satisfied that—

(a)

the borrower is resident in the United Kingdom; and

(b)

the borrower is likely to be resident in the United Kingdom for the tax year during which the date specified in the determination relating to that borrower will fall,

the Authority may determine that a borrower who has applied under paragraph (1) is not to be required to make repayments under this Part from a date specified in the determination, being a date not more than 2 months later than the date of the determination.

(3)

A determination under paragraph (2) has effect until the borrower again becomes liable to repay the loan under regulation 74 or 75.

Annotations

Textual amendments

F1: Words in reg. 77(1)(a) inserted (6.4.2023) by The Education (Student Loans) (Repayment) (Amendment) (No. 4) Regulations 2022 (S.I. 2022/1335), regs. 2(2), 62(a)
F2: Words in reg. 77(1)(b) substituted (6.4.2023) by The Education (Student Loans) (Repayment) (Amendment) (No. 4) Regulations 2022 (S.I. 2022/1335), regs. 2(2), 62(b)

Commencement

I1: Reg. 77 in force at 6.4.2009, see reg. 1(1)

Notes on Part 5

Textual amendments

F1: Words in Pt. 5 heading inserted (6.4.2023) by The Education (Student Loans) (Repayment) (Amendment) (No. 4) Regulations 2022 (S.I. 2022/1335), regs. 2(2), 54