Certain information that must be disclosed in a loan contract

2012 amendment ensures a student loan contract states that borrowers can object to the details of a loan advance and also clarifies the timeframe for objections.

Section 13

Section 13 prescribes that certain information must be disclosed in the loan contract. The amendment ensures that the student loan contract states that borrowers can object to the details of a loan advance. The amendment also clarifies the timeframe within which an objection must be received by the loan manager.

Application date

The amendment applies from 1 April 2012.