Sri Lanka Consolidated Acts

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Students (Higher Education) Loan Fund Act (No. 4 of 1972) - Sect 8

Duties of recipients of loans

8. A recipient of any loan from any specified bank under this Act shall, as 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 registered letter sent through the post, with the following information within the following stipulated periods: -
(a) the address of his place of residence, with immediate effect, and, any changes in such address that may occur from time to time, within a period of one month from the date of each 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 has 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 of the employer, the date of commencement of such employment and the remuneration payable therefor, and likewise, in respect of any changes of employment that may take place from time to time; and
(d) any other information which such manager may consider necessary for the purpose of the recovery of 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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