Bernard Durkan (Kildare North, Fine Gael) | Oireachtas source

Can we cut to the chase on this issue about repossessions and the sale of loan books to unregulated third parties? What is Mr. Sweetman's opinion? Deputy Coppinger, correctly in my view, raised the issue as well. To give some degree of assurance to the people in their houses who are under threat, is it not desirable to assume that a regime can prevail whereby the purchaser of the loan books should be obliged to enter into negotiations along the lines that were originally entered into by the original lender? There is no need to go any further. I should mention that the Minister for Finance, Deputy Michael Noonan, said he preferred the benefit of any arrangement to go directly to the borrower or home owner rather than to those providing the buildings in question.