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:

That is the nature of full recourse lending. If there is a residual balance when the asset has been disposed of, on a case by case basis and understanding the new circumstances of the customer we look to see what contribution they can make towards the outstanding balance.

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