Terms of loans

2.  The 1992 Regulations are amended in regulation 6 (terms of loans) by the substitution for paragraph (2) of—

“(2) A loan made by virtue of regulation 5 may be made on terms that—

(a) do not require the payment of interest; or

(b) require the payment of interest only on part of the loan;

and shall otherwise, subject to paragraph (3), be on such terms as the lender may determine.”.