Oireachtas Joint and Select Committees
Thursday, 30 May 2019
Public Accounts Committee
2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2017
Chapter 22 - Irish Fiscal Advisory Council
It is something we need to be conscious of, particularly in view of the way the banks behaved and the various interpretations of what constitutes an NPL. In many instances, I have seen loans that are put up for sale comprising mortgages which are up to date and which have never been in arrears or loans on rental properties that fell behind six years ago but which are up to date now. I have seen how those loans were placed in a bundle and sold. Some of these cases were extreme and the Department needs to be aware of how issues like this affect people. Citizens of this State have to be protected too and they are being railroaded by some of these practices.