Oireachtas Joint and Select Committees

Wednesday, 9 April 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB

10:40 am

Mr. Shane O'Sullivan:

Yes. We have to be careful because they are not all legal proceedings. If the Deputy looks above the 3,264, the items we have identified at iv, v, vi and vii were defined by whoever asked us to complete the template as legal proceedings. The ones above that are not legal proceedings. The key legal proceeding figure is v, which is a reflection of the proceedings that have been initiated based on our greater than 90 day arrears requirement. That is rounded to 1,100 and the Deputy is right. On the home loan book that has grown to 2,600 at the end of March.

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