Michael McGrath (Cork South Central, Fianna Fail)
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So if sanctions, fines, penalties and so forth were imposed the service provider would be liable. What would govern the relationship between the service provider and the owner of the loan in respect of those issues? Would the owner of the loan require the service provider to sign an indemnity that if such regulatory and compliance issues arose, the owner would not be responsible? From a commercial point of view, presumably that is what will happen.