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

1:05 pm

Mr. Brendan O'Connor:

If we lent the money on the basis of a commercial investment that was to be funded from the receipt of rent but if we are not in receipt of rent we give the customer an opportunity. If he or she does not pay the rent over then, yes, we are going to the receiver.

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