IRRV Alert - week ending 2nd September 2022
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Eligible Loan Deduction Scheme (2 September 2022)
Guidance
Eligible Loan Deduction Scheme
Guidance for lenders on applying to the Department for Work and Pensions (DWP) to recover loans from benefits paid to claimants.
- From:
- Department for Work and Pensions
- Published
- 20 September 2013
- Last updated
- 2 September 2022 — See all updates
Documents
Eligible Loan Deduction Scheme
HTML
Application to join the Eligible Loan Deduction Scheme
PDF, 148 KB, 4 pages
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Application to join the Eligible Loan Deduction Scheme
RTF, 359 KB
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Evidence required for the Eligible Loan Deduction Scheme
HTML
Specimen memorandum of understanding between DWP and lenders
PDF, 235 KB, 9 pages
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Specimen memorandum of understanding between DWP and lenders
RTF, 10.8 MB
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Eligible Loan Deduction Scheme referral form
PDF, 129 KB, 1 page
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Eligible Loan Deduction Scheme referral form
RTF, 1.25 MB
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How to notify DWP of any changes for the Eligible Loan Deduction Scheme
HTML
Details
The Eligible Loan Deduction Scheme supports the expansion of affordable credit to people on low incomes by allowing DWP to recover loans from benefits.
This guidance explains how the scheme works and how lenders can apply to join the scheme.
Published 20 September 2013
Last updated 2 September 2022 + show all updates