Paragraph 8 Provision of information
A qualifying lender must, in respect of the claimant, provide the Secretary of State with information as to—
the owner-occupier payments payable by the claimant to the lender;
the amount of the qualifying loan or alternative finance arrangement in respect of which owner-occupier payments are payable;
the purpose for which the qualifying loan or alternative finance arrangement was made;
the amount outstanding on the qualifying loan or alternative finance arrangement;
the amount of arrears of owner-occupier payments due in respect of the qualifying loan or alternative finance payment;
any change in the owner-occupier payments payable by the claimant to the lender; and
the redemption of the qualifying loan or alternative finance arrangement,
in the circumstances specified in sub-paragraphs (2), (3) and (6).
The information referred to in sub-paragraph (1)(a) to (e) must be provided at the request of the Secretary of State where the claimant has made a claim for a qualifying benefit, provided that the Secretary of State may only make one request under this sub-paragraph.
The information referred to in sub-paragraph (1)(d) and (f) must be provided where the Secretary of State makes a request for that information on or after the first day in respect of which loan payments are paid, or to be paid, to the qualifying lender on behalf of the claimant (“the first day”), provided that the Secretary of State may only make a request under this sub-paragraph once in each period of 12 months referred to in sub-paragraph (4).
The period of 12 months is the period of 12 months beginning with the first day and each subsequent period of 12 months commencing on the anniversary of that day.
A request may be made under paragraph (3) for the information referred to in sub-paragraph (1)(d) even though that information has been requested in the same 12 month period (as referred to in sub-paragraph (4)) under sub-paragraph (2).
The information referred to in sub-paragraph (1)(g) must be provided to the Secretary of State as soon as reasonably practicable once the qualifying lender has received notice that the qualifying loan or alternative finance arrangement is to be redeemed.