Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

People out there have genuine concerns about this because the Government missed this issue and we are now trying to deal with it retrospectively. To simplify the issue, if I had a loan that was with a regulated financial institution that was sold on to a third party, after this legislation is passed, regardless of what that third party is doing at this point in time, that loan will be just the same as one with an institution like Bank of Ireland or AIB in terms of the protections I have. Is that correct?