35Housing Australia must review arrangement where mortgage with a participating lender is discharged

35  Housing Australia must review arrangement where mortgage with a participating lender is discharged

 (1) Upon a participant discharging their mortgage with a participating lender, Housing Australia must, within a reasonable time, review the arrangement in order to determine:

 (a) whether the participant has met the participation requirements; and

 (b) whether the participant should be required to undergo the processes set out in section 37.

(2) Subsection (1) does not apply if the participant:

 (a) has repaid the Commonwealth share in full at the time of discharging the mortgage; or

 (b) has taken out a new mortgage with another participating lender in order to discharge their mortgage with their current participating lender and move their borrowing to the new lender.

Division 4—Managing participants’ compliance