Oireachtas Joint and Select Committees
Thursday, 27 November 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Mortgage Insurance Schemes: Discussion
10:55 am
Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source
What the witnesses are involved with seems to be voluntary. That is obviously more beneficial as the full amount is not being paid out such as if the house is repossessed. It seems to be a voluntary process of benefit to the company, the bank and the customer. It is not something written down as part of the rules.
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