Oireachtas Joint and Select Committees
Thursday, 8 December 2016
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Central Bank (Variable Rate Mortgages) Bill 2016: Central Bank of Ireland
9:30 am
Kieran O'Donnell (Fine Gael)
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What needs to be done? Is it fair to say therefore that if I am a mortgage holder with one of the normal institutions here and my loan is sold on to a vulture fund, the Central Bank can deal directly with the lender where it is the normal lender, but in terms of a vulture fund purchasing it, the Central Bank cannot deal directly with the lender? Is that correct?