Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

This committee has started the scrutiny phase of Deputy Pearse Doherty's Private Members' Bill, the No Consent, No Sale Bill 2019.

We invited submissions and received them from Banking and Payments Federation Ireland, BPFI, and others in the industry, as well as from debtor advocacy groups that are in favour of the legislation, which seeks to provide that prior to the sale of a mortgage to a so-called vulture fund or anyone else, the borrower must consent. What is the position of Bank of Ireland on the Bill? The bank has commented on it publicly but I ask Ms McDonagh to share its views with the committee. Has the bank carried out any initial assessment of what the Bill, if enacted in its current form, would mean for the Bank of Ireland and its customers?