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Regulation 9 Repayment claims by lenders: introductory

Original text. Later amendments are not shown.

(1)

Sums recoverable by a lender under section 26(7) shall be recovered on a claim to the Board for the purpose under these Regulations.

(2)

Subject to paragraph (3) a claim shall be for the lender's financial year, and is referred to in these Regulations as an “annual claim”.

(3)

A claim may also be made in accordance with Regulations 10 or 12 for a period shorter than the claimant's financial year and is referred to in these Regulations as an “interim claim”.

(4)

No payment in respect of sums recoverable on such a claim shall be made to a lender before 1st April 1983.