Oireachtas Joint and Select Committees
Wednesday, 29 April 2015
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Overview of the Banking Sector in Ireland (Resumed): Ulster Bank
2:00 pm
Mr. Stephen Bell:
If a customer engages with us and says he or she cannot resume any kind of meaningful contribution to the home loan, is eligible for social housing and would like to work with us to dispose of the property, we would confirm to the customer that once the property has been sold and the loan repaid with the proceeds, there would be no pursuit of them for the residual shortfall.
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