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
Ms Nolan indicated that the Minister will legislate if there is a breach of the agreement on the code of conduct on mortgage arrears. Is it possible to have that retrospectively applied?
Let us take it that a company, such as Tanager, which bought Bank of Scotland, voluntarily went into the code of conduct on mortgage arrears, unregulated in this State. Can we as legislators apply conditions to a sale that took place last year?