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:
Yes, a remote arm's length appointment. The arm's length appointees, who have an Irish legal firm acting for them, will say it is doing the right thing appointing them because they can avail of a little known provision in the land registry Act that says that because their name is on the burden, they do not have to prove anybody else's involvement. They can actually go into court and tell the judge that they are registered as the owner, end of story. Of course, no lay litigant is in a position to say that cannot be right and that they are getting letters from somebody else.
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