Oireachtas Joint and Select Committees
Tuesday, 21 May 2019
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Matters Relating to the Banking Sector (Resumed): KBC Bank
Mr. Brendan Mahon:
We encourage all borrowers to engage with us in this process. Legal fees are applied where we go through a legal process seeking an order for repossession and we have no engagement with the borrower. It is more at a late stage for non-engaged borrowers. If somebody engages with us, we do not go through a legal process; we try to get them onto a resolution option.
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