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The Social Fund (Budgeting Loans) (Applications and Miscellaneous Provisions) Regulations 2015
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- UK Statutory Instruments
- 2015 No. 1411
- Explanatory Note
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EXPLANATORY NOTE
(This note is not part of the Regulations)
These Regulations replace the Social Fund (Applications and Miscellaneous Provisions) Regulations 2008 (“the 2008 Regulations”) (S.I. 2008/2265), which are revoked, and reflect the fact that budgeting loans are the only remaining element of social fund payments made under section 138(1)(b) of the Social Security Contributions and Benefits Act 1992.
Regulations 2 and 3 set out the manner and form in which applications are to be made for payments by way of budgeting loan out of the social fund.
Regulation 4 provides for consent to be given where someone else is making the application on the applicant’s behalf.
Regulation 5 sets out when an application for a budgeting loan is treated as having been made.
Regulation 6 specifies conditions which must be satisfied before payments of budgeting loans are made. A change from the 2008 Regulations is that agreement to the repayment terms and conditions does not need to be in writing.
Regulation 7 specifies the circumstances in which an award of a budgeting loan becomes extinguished.
Regulation 8 revokes the 2008 Regulations and the Social Fund (Applications and Miscellaneous Provisions) Amendment Regulations 2009 (S.I. 2009/3033) which amended the 2008 Regulations.
A full impact assessment has not been produced for these Regulations as they have no impact on the private sector or civil society organisations.
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