Kieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

Suppose I am the guarantor. According to the amendment, if a person acts as guarantor for a loan, it stays on the record "... until the end of the period of 5 years, beginning with the day on which the proposal is withdrawn or the arrangement terminated". My point is that typically one could have a loan for five years with somebody acting as guarantor, but even if the loan were paid back in five years' time, given the way the amendment is drafted, it would stay on the record for a further five years after the loan was discharged. Is my interpretation correct? Does the Minister of State understand my point?