Oireachtas Joint and Select Committees

Wednesday, 26 February 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Sale of IBRC Mortgage Loan Book: Discussion

2:50 pm

Ms Ann Nolan:

As I have said, we are looking at legislation. The legislation would not be specific to those people but would apply to anyone whose loan was sold. It would be difficult to pass legislation specific to particular loan groups. Passing legislation for contracts that already exist is quite a complex business but we are talking to the Attorney General and that is what we would have in mind. It would be extra protection and would give them the same protection that other people have.