Oireachtas Joint and Select Committees
Wednesday, 3 December 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Business of Joint Committee
General Scheme of Sale of Loan Books to Unregulated Third Parties Bill 2014: Discussion
2:40 pm
Arthur Spring (Kerry North-West Limerick, Labour) | Oireachtas source
Does this change anything that has been done previously by the banks in securitising mortgage loans? It is the same fundamental principle. If a person has entered into a contract with an organisation that is regulated by the Irish State, does it matter where the money or the block book is sold on to? Is the relationship still with the initial organisation, even if a servicer is put in place?
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