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Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.
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22. If a borrower-
(a)changes home address; or
(b)changes name,
the borrower must inform, and provide particulars of the change to, the Authority within six weeks of the relevant change.
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