Information condition6
1
The information condition is that the Department 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) (conditions to meet before the loan payments can be made) apply, an explanation that the Department will seek to obtain a mortgage 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.