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National Student Financial Aid Scheme Act, 1999 (Act No. 56 of 1999)

Chapter 4 : Recovery of Loans

22. Obligations of borrower

 

1) A borrower must for as long as he or she is indebted to the NSFAS–
a) at such intervals as may be fixed by the board, furnish the board–
i) with his or her postal and residential addresses, as well as his or her chosen domicilium citandi et executandi;
ii) with information regarding his or her employment status;
iii) if he or she is employed, with the name and address of the employer; and
iv) with any other relevant information required by the board; and
b) immediately notify the board of–
i) any change of address and furnish the new address;
ii) any change in his or her employment status; and
iii) any change of employer and furnish the name and address of the new employer.

 

2) Any failure by a borrower to comply with the obligations referred to in subsection (1) renders the loan immediately repayable.