Oireachtas Joint and Select Committees

Tuesday, 2 April 2019

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Business of Joint Committee
No Consent, No Sale Bill 2019: Discussion

Mr. Ed Sibley:

I fully agree with that. That is why it is so important that any engagement between a borrower and a credit servicing firm, including the process of making decisions around restructuring, is regulated activity and subject to our codes. Under the legislation brought in last year, the new loan owner must have a vehicle in the State. We will see how that plays out and how those vehicles are set up in line with the legislation.