Oireachtas Joint and Select Committees

Wednesday, 3 December 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Business of Joint Committee
General Scheme of Sale of Loan Books to Unregulated Third Parties Bill 2014: Discussion

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2:40 pm

Mr. Declan Reid:

The buyer of that book of loans would be responsible for the contractual obligations of each mortgage. I guess each mortgage will specify the terms under which interest rate changes are permissible.

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