Oireachtas Joint and Select Committees

Wednesday, 13 December 2023

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Credit Servicers Directive: Discussion

Mr. Edmund Honohan:

I can give the Deputy an example of this. The last directive we were looking at was the directive of 2014. I will see if I can find it here. I have it here somewhere. I cannot find it now. I have too much paper; that is the problem. There is a provision in the directive, which states that measures should be put in place to ensure the best price be obtained for the mortgaged property, the security property, when it is being sold if a balance is due to the debtor. If a residue is due, that also has to be determined.

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