62. Where an employer completes a Form P45, the employer must state in it that the employee is a borrower if, on the date of the Form P45—
(a)the employer has received notice that the employee is a borrower as described in regulation 44(1); or
(b)the employer has received a Form P46 stating that the employee has a student loan which requires repayment; and
(c)(in either case) the employer has not received a notice from HMRC under regulation 44(3) requiring the employer not to make deductions from the employee’s earnings on and after a date before the date on which the person ceased to be an employee.