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

5:00 pm

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

I take with a pinch of salt the commitments that the officials and the Government have given in this issue. Despite the fact that the Minister issued a statement last night saying he will legislate, and Ms Nolan has reiterated those points, she has not been able to confirm to the committee that the legislation the Minister is thinking about introducing could affect the new owner of those 13,000 mortgages, whether the owner decides voluntarily to sign up to the code of conduct on mortgage arrears or if that is sold on. There is no clarification as to whether such legislation could actually impact on the person who buys these mortgages on 14 March. That is where I take serious issue with the commitments the Government is giving at this point in time.

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