Oireachtas Joint and Select Committees
Tuesday, 29 May 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Resolution of Non-Performing Loans: Discussion (Resumed)
4:00 pm
Mr. Gary Tobin:
There is certainly a right for the person who has participated in the accelerated extrajudicial collateral enforcement, AECE, scheme. While it is an extrajudicial agreement between the bank and the borrower, if the borrower is not happy with the proposal by the bank on how to deal with a non-performing loan they have the right to go to court.
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