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

Is that aspect of the relationship regulated? To Mr. Mahon's knowledge, does the Central Bank have a view on it? Has it issued guidance on what is allowable? Is there a limit on the amount of legal fees that can be applied? Where I am going with this is if a borrower is co-operating and paying what he or she can and is trying to negotiate a restructuring arrangement but continues to receive letters from the bank's solicitor, it compounds the problem in that the amount owed grows as a result of legal fees. It may not rise significantly, but it does increase . I am trying to understand what is the bank's policy on this. At what point does the bank invoke the clause in the loan contract that enables it to start applying legal fees?