Oireachtas Joint and Select Committees

Thursday, 18 October 2018

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

Governance and Regulation of Receivers: Discussion

9:30 am

Photo of John McGuinnessJohn McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source

Now that it has not had a successful outcome, the borrower who signed the contract is relying on the fact that the contract says the receiver shall act for the borrower and the lender. The borrower did not expect that the receiver would turn up, ignore the obligations and beat the lard out of the borrower, or completely ignore the rights of the borrower. That is what is going on all over the country. I am not just saying it. There is lots of evidence that this is happening.

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