Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

That is the legislative scheme but what captures them under the regulation of the Central Bank is the holding of legal title. This is what was passed and what we expected was going to capture them. We have now found out, which Ms Rowland has confirmed, that they are transferring legal title to the credit servicing firm so they are no longer regulated by the Central Bank.