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
2:55 pm
Stephen Donnelly (Wicklow, Independent) | Oireachtas source
That must be acknowledged. In respect of voluntary surrender, there will usually be a gap between the sale price and the amount owed to the bank. Did I hear Mr. Bell say that in these cases, Ulster Bank is surrendering any legal hold on that debt to the borrower? Is that correct?
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