Introduction
You must not discuss the details of individual client applications or give any indication of whether a loan is likely to be offered. The client or their representative must be referred to a legal executive if they wish to discuss any aspect of the Residential Care Loan scheme.
If a client's assets are assessed as being above the applicable asset threshold because they own the family home, and the client has limited cash assets, they may be eligible for a Residential Care Loan.
Note that loan applicants are not means assessed for income as their assets have been assessed as being above the relevant asset threshold.
For more information see:
- Roles and responsibilities of legal executives
- What is a Residential Care Loan?
- Eligibility criteria
- Exceptional circumstances
- Loan terms and conditions
- Repayment of a loan
- Write-off of a loan
- Deferment of loan repayment
- Changes to Residential Care Loan policy
- Change in circumstances
- Residential Care Subsidy Qualifications
- Residential Care Loan Application form [no link find out why]
Legislation
- Notice of Eligibility for Loans Under the Residential Care Loan Scheme (Effective On and After 15 August 2009)
- Residential care loan scheme section 70 Residential Care and Disability Support Services Act 2018
