Oireachtas Joint and Select Committees
Tuesday, 8 April 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Mortgage Arrears Resolution Process: (Resumed) Ulster Bank
4:00 pm
Ciarán Lynch (Cork South Central, Labour) | Oireachtas source
I am not an expert on banking. I understand that other institutions deal with debt write-down and allow people to remain in their homes, which is the same conundrum that Mr. Bell raised. It seems that Ulster Bank will only write down the debt when the home is gone.
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