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. David Duffy:
We had to do this because people were diverting their rents. We are trying to resolve the situation that way. That is practical and is just what we have to do. The receivers are under a code of practice which is a landlord statutory code of practice, so there is a behaviour that must be observed. The Deputy's point is a commercial derivative of that, where they may choose to sell the property or not. We said earlier that we have not really seen this issue in volume, but like other issues raised at the Oireachtas, it has been helpful for us to get feedback. We will take that away and have a chat with our receivers about what is going on, and make sure this is not the next big issue and take steps accordingly to the degree that we can. We will report back on that.
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