Oireachtas Joint and Select Committees
Thursday, 6 December 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Sale of Permanent TSB Mortgage Loans: Discussion
2:00 pm
Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source
Mr. Masding is the top guy. This is the code of practice on the transfer of mortgages. I will read Mr. Masding the first line again: "A loan secured by the mortgage of residential property may not be transferred without the written consent of the borrower." Permanent TSB is a State-owned institution. I acknowledge the code is voluntary and I will table legislation in the coming days to make it mandatory and place it on a statutory footing. I hope we will close down this sale but we will cross that bridge when we come to it. However, this code of practice is supported by the Houses of the Oireachtas and applied by the Central Bank. Will Permanent TSB, a State-owned institution, apply it?
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