Oireachtas Joint and Select Committees

Wednesday, 26 February 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Sale of IBRC Mortgage Loan Book: Discussion

2:40 pm

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

The borrowers have to stick to the terms and conditions of their loans. However, the liquidators are selling off a loan book where the purchasers will not have to apply the code of conduct legally. As all the bidders have agreed voluntarily to abide by the code, will the liquidators ask them to bid on the basis that they will legally comply with the code?

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