Michael Noonan (Limerick City, Fine Gael) | Oireachtas source

Some months before Christmas, the relevant committee of the House containing many of the Deputies who are here examined the banks on this issue and highlighted the fact that repossession letters were not deemed to be a satisfactory solution. Deputy Doherty put down a question to me asking me what my view on that was. We do not deem letters of repossession to be satisfactory solutions. While we need to know the information about letters of repossession, they should not be put in the tot of what is a satisfactory long-term solution. The banks are now aware of that.

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