PART 1General

Application to transferred loans in England and WalesI17

1

Where these Regulations apply to a transferred loan—

  • “the Authority” means, for the purpose of those regulations listed in paragraph (2), the Secretary of State or Welsh Ministers acting on behalf of the loan purchaser (regardless of whether any person is also exercising functions on behalf of the Secretary of State or Welsh Ministers pursuant to section 23(4) of the 1998 Act); and

  • “student loan” means, subject to any provisions of transfer arrangements, the total outstanding principal, interest, penalties and charges owed by a borrower to a loan purchaser pursuant to these or any other Regulations made under section 22 of the 1998 Act.

2

The regulations referred to in paragraph (1) are: regulations 15 to 20, 22 to 27, and 73 to 79.