Oireachtas Joint and Select Committees
Thursday, 17 May 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Resolution of Non-Performing Loans: Discussion (Resumed)
10:00 am
Mr. Brendan Burgess:
No. That is not what five years in arrears means. There are a few ways to reach five years in arrears. If a person pays nothing for five years, he or she will be five years in arrears. If a person pays half their mortgage repayment for ten years, he or she will be five years in arrears. That is what it means.
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