Bernard Durkan (Kildare North, Fine Gael) | Oireachtas source

The issue is much more serious than has been envisaged by the Minister of State's Department. The fact that the expert group obviously did not deal with the fundamental issue is indicative that it was not aware of or did not focus on the particular problem.

Is the Minister of State aware that within the coming year or so there will be a dramatic increase in the level of arrears in the group in question? That will happen, not as a result of failure on the part of the borrower but because of misinformation or wrong information originally given to the borrower, to the effect that he or she would have a period of up to 50 years to repay the loan in full.

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