Brian Hayes (Dublin South West, Fine Gael) | Oireachtas source

I move amendment No. 8:

In page 7, subsection (3), line 19, to delete “the”.

Section 2(3) addresses how the register will deal with possible transfers or disposals of credit agreements between credit information providers, for example, where a credit information provider originates a credit agreement and at some point prior to its conclusion disposes of some or all of its rights under that credit agreement. This can be quite a complex area, particularly on a partial disposal of rights where the credit information provider sells the right to the receipt of the payment but, perhaps, keeps rights associated with the security under an agreement. This amendment will cater for these complexities, placing the reporting obligations with the party that has the associated right under the credit agreement. The amendments propose to bring clarity to the situation and will propose the collection of all necessary information relating to agreements falling within the remit of the Bill.