Oireachtas Joint and Select Committees

Thursday, 22 March 2018

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB

9:30 am

Photo of Kieran O'DonnellKieran O'Donnell (Fine Gael) | Oireachtas source

Mr. Crowley made reference to accepted criteria. I have a customer copy of split mortgage terms and conditions from 2013. Paragraph (i) states, "The bank reserves the right to terminate agreement in the following circumstances ... (5) for such other reason as the bank in its discretion thinks fit subject to applicable law". Will that contract follow with the mortgage if it is sold as part of the bundle?

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