(1) Regulations may specify cases or circumstances in which, or conditions subject to which, a local authority may or must enter into a deferred payment agreement with a person who is required (or is going to be required) to pay a charge under section 59.
(2) A deferred payment agreement is an agreement under which—
(a) the local authority agrees not to require payment of the person's required amount until the time specified in or determined in accordance with the regulations, and
(b) the person agrees to give the local authority a charge over the person's interest in his or her home to secure payment of the person's required amount.
(3) The person's required amount is so much of the charge that the person is required (or is going to be required) to pay under section 59 as
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