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
4:20 pm
Mr. Paul Joyce:
On the point of debt factoring or selling on of the debt, its contractual rights are sold lock, stock and barrel, terms and conditions notwithstanding. What is to stop the purchaser of the debt, for whatever reason, invoking terms in the contract that the original creditor never had any intention of following through on?
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