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): Bank of Ireland

2:00 pm

Mr. Stephen Mason:

We answered that question in response to the questions submitted to us. What we said is that mortgage lending is full recourse lending and that after a property has been disposed of, we will engage with the customers to come to an arrangement as to what they can pay in regard to the residual balances.

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