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
3:00 pm
Mr. Kieran Wallace:
The restructuring clause is included in all our sales contracts, whether in respect of commercial and corporate loans or residential loans, because they are agreements that have been entered into in good faith by the borrower and the bank. We would expect any buyer of a loan to honour those restructuring agreements.
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