Sri Lanka Consolidated Acts

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Students (Higher Education) Loan Fund Act (No. 4 of 1972) - Sect 10

Implied consent for the recovery of outstanding debts

10. Any person who is the recipient or guarantor of a loan from a specified bank under this Act, and who is indebted or liable to such bank in any sum of money in relation to such loan, and who is engaged in any employment, shall be deemed, notwithstanding any contract between him and his employer or anything to the contrary in any law, to have given his consent to the recovery of such sum of money due from him to such bank from the remuneration he receives from such employment in the manner set out in sub-section (1) of section 9.


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