{
  "url": "https://openlegislation.uk/education-student-loans-repayment-regulations-northern-ireland-2009/regulation-10",
  "json_url": "https://openlegislation.uk/education-student-loans-repayment-regulations-northern-ireland-2009/regulation-10.json",
  "legislation": "nisr/2009/128",
  "legislation_title": "The Education (Student Loans) (Repayment) Regulations (Northern Ireland) 2009",
  "legislation_url": "https://openlegislation.uk/education-student-loans-repayment-regulations-northern-ireland-2009",
  "path": "regulation/10",
  "kind": "regulation",
  "number": "10",
  "heading": "Interest and penalties",
  "text": "(1) Interest and penalties charged under Parts 3 or 4 are not added to the principal outstanding, are not part of the loan, and payments of such interest or penalties are not credited against the principal outstanding.\n(2) Any repayments received by the Department will be applied in reduction or satisfaction of the liabilities of a borrower in the following order:—\n(a) first, any outstanding penalties, costs, expenses or charges under regulation 19 or 20;\n(b) second, any outstanding penalties, costs, expenses or charges under Part 5;\n(c) third, any outstanding interest;\n(d) fourth, any outstanding principal, which will be reduced or satisfied from the date of receipt.",
  "extent": "N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 10 in operation at 6.4.2009, see reg. 1(1)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/nisr/2009/128/regulation/10",
    "retrieved_at": "2026-10-29T01:32:22.633878+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}