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14.—(1) Every applicant for a loan and every borrower shall inform the Secretary of State if—
(a)he withdraws, abandons or is expelled from his course;
(b)he ceases to attend it and does not intend to or is not permitted to return for the remainder of the academic year;
(c)he transfers to another course, at the same or a different institution, whether or not the new course is a designated course; or
(d)he is absent from his course for more than 60 days for any reason, including illness.
(2) Every applicant for a loan and every borrower shall as soon as reasonably practicable provide the Secretary of State with details of any change of home or term time address or telephone number and of any new bank or building society account into which any amount lent to him may be paid by electronic transfer.
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