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Regulation 6 Information condition

(1)

The information condition is that the Secretary of State has provided relevant information about the loan payments to a single claimant and his or her partner (if any) or each joint claimant.

(2)

For the purposes of this regulation, “relevant information” is information about the loan payments which must include—

(a)

a summary of the terms and conditions included within the loan agreement;

(b)

where the circumstances in regulation 5(2)(a)(i) or (b) apply, an explanation that the Secretary of State will seek to obtain a charge or, in Scotland, a standard security in respect of the relevant accommodation;

(c)

an explanation of the consent referred to in regulation 5(3); and

(d)

information as to where a single claimant and his or her partner (if any) or each joint claimant can obtain further information and independent legal and financial advice regarding loan payments.