Oireachtas Joint and Select Committees

Wednesday, 4 September 2013

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Overview of Financial Sector: Discussion with Ulster Bank

4:25 pm

Photo of Sean BarrettSean Barrett (Independent) | Oireachtas source

I ask Mr. Brown to outline the details of how the target of 3,784 customers was attained and exceeded. The numbers would help the committee in its subsequent deliberations. Regarding the rent receivers, we have concerns that the resident has not defaulted - it may be the principal private residence. The landlord has defaulted, but in some cases the receivers are seeking vacant possession, which means the tenant who has paid does not enjoy protection under the Family Home Protection Act and is evicted or faces the threat of eviction. Does the bank have a policy with the receivers that they are to pursue the landlord and not the tenant?

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