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. Gary Tobin:
The 1991 voluntary code of practice is arcane. It was put in place at a time when, as I understand it, building societies were demutualising and there was concern that if individuals' mortgages were sold, they could lose out on a windfall cash gain when a building society was demutualised.