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Regulation 12 Repayments

Original text. Later amendments are not shown.

(1)

A borrower may pay any part of or all of any moneys he owes to the Secretary of State under the Act and Regulations at any time without charge or penalty.

(2)

A borrower shall not be required to pay any moneys he owes before 6th April 2000.

(3)

Any liability of a borrower under the Act and Regulations shall be cancelled if he—

(a)

dies;

(b)

is not in breach of any obligation to repay any loan and he has attained the age of 65; or

(c)

receives a disability related benefit and the Secretary of State is satisfied that because of his disability he is permanently unfit for work.

(4)

For the purposes of paragraph (3) “loan” has the meaning given it in regulation 3(3).