Commissioner to inform applicant where loan is approved
35 Commissioner to inform applicant where loan is approved
(1) On receipt of a copy of an instrument of approval, the Commissioner shall serve on the applicant to whom the instrument relates a statement in writing informing him that his application is approved and a document containing an offer to him of a loan.
(2) The statement shall specify the cost estimated by the Commissioner to be the cost of the treatment in respect of which the application is approved.
The offer shall specify:
the treatment in respect of which the offer is made;
(b) the amount, not exceeding 90% of the estimated cost of that treatment, provisionally approved as the amount to be advanced in respect of that treatment;
(c) where the treatment is to be carried out by the Commissioner, the conditions (including conditions as to charges to be made by the Commissioner) under which the Commissioner is prepared to do that treatment; and
(d) the conditions as to repayment of the loan subject to which the offer is made.
The statement and the document may be served by post.
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