Oireachtas Joint and Select Committees
Thursday, 10 April 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland
10:20 am
Mr. Liam McLoughlin:
Our experience is similar in many ways. A broad range of stakeholders is involved, including the Housing Authority, more than 30 local authorities and several banks. There are difficulties with the process in that it takes so long. Some of the cases have been in the process for 12 to 18 months, which is unacceptably long.
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