Éamon Ó Cuív (Galway West, Fianna Fail) | Oireachtas source

It was difficult to catch everything the Minister said, but am I right in thinking that the legal position is that the arrangements the Minister has made have no legal status and are totally unenforceable and that this is a case of what might be called light-touch regulation, whereby there is some kind of moral understanding, but if a dispute arises people have no recourse to the mechanisms available to those who are covered or to the recourse they had before the loan books were sold?

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