(1) The subsidised borrower may, in the approved form, request the Secretary to stop the payment of subsidy.
(2) On receipt of a request under subsection (1), the Secretary must stop the payment of subsidy, by written notice given to the subsidised borrower.
(3) The Secretary may, in the notice, state a day for the payment of subsidy to be stopped that is later than the day requested by the subsidised borrower.
Note: Part 5 provides for the administrative review of a decision by the Secretary to state a day in a notice under this subsection.
(4) The Secretary must give a copy of the notice to the loan provider who made the subsidised loan to the subsidised borrower.