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
3:10 pm
Arthur Spring (Kerry North-West Limerick, Labour)
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The special liquidators have also said that in their opinions, if they were legally to oblige the purchasers of the mortgage book to adhere to the code of conduct and to the mortgage arrears resolution process, MARP, etc., the value that would be involved in the sale would be less than if they were not obliged. Is that correct?