Oireachtas Joint and Select Committees
Thursday, 6 July 2017
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
ECOFIN Meeting: Minister for Finance
9:30 am
Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source
That is a matter for the banks. I have asked my team to give me the most up-to-date figures available to us. The figures I have just provided are the most up-to-date available to me. I mention them because the starting point - the number of loans private equity firms have in the State which relate to units in which people actually live - is much lower than some indicate, but the position might change. That, however, is a matter for the banks which are coming from a low base. As the Senator is aware, we introduced legislation two years ago. Under the Consumer Protection (Regulation of Credit Servicing Firms) Act 2015, if a loan is sold, the rights of the mortgage holder or consumer with regard to the loan are maintained, even though ownership of it has changed.
No comments