Sri Lanka Consolidated Acts

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Students (Higher Education) Loans Act (No. 50 of 1983) - Sect 8

Duties of recipients of loons

8. A recipient of any loan from an appropriate specified bank under this Act, shall so long as any sum of money in respect of such loan remains due from him to the said bank, furnish the manager of that bank by letter sent through registered post, with the following information within the period stipulated :-
(a) the address of his place of residence and any change in such address which may occur from time to time, within a period of one month from the date of such change ;
(b) where he changes his name, within one month of the date of such change, his new name and the date and manner in which such change had been effected ;
(c) where he engages in any employment, within one month of the date of commencement of such employment, the nature of the employment, the name and address of the employer, the date of commencement of such employment and the remuneration payable therefor, and like wise, in respect of any change of employment which may take place from time to time ;
(d) any other information which such manager may consider necessary for the purpose of recovering the loan, within such time as the manager may specify in a notice calling for such information from such recipient of the loan.


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