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

1:45 pm

Mr. Brendan O'Connor:

We had spoken about it earlier. When we appoint a receiver, it is actually the receiver who acts. That is not to abdicate any responsibility on our part, but it is the decision of the receiver. Typically it is good to have a tenant in place if a property is being sold on. There is a cashflow attached to that, as opposed to a vacant property. However, I am not familiar with it being a big issue for tenants. It has not crossed our desk, but we spoke about it earlier and we said that we will look into it. There is not a code of practice in the industry on everything. We will look into it and we will come back to this committee, and we will examine the scale of the issue and what may be done to mitigate it. It is not a live issue that has crossed my desk.

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