Mr. Brian Fee:

There are requirements about notifying people when loans are sold on. If a regulated entity is thinking about it, it would probably keep the Central Bank informed. I do not believe there would be an obligation to inform each individual customer of ongoing negotiations which may or may not result in a sale of a loan book.

Having said that, if an individual consumer is in a position to re-finance a loan, it might be easier to do so when the book is sold rather than before.