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

When we were drafting the Bill, as the Deputy is aware, the legislation deliberately regulated the interface with the borrower. If the owner acts as his or her own agent, he or she is caught in the legislation. If the owner instructs the regulator to do anything contrary to law, penalties are applied. Since our last conversation some weeks ago, I have gone over it again and I cannot see the gap in the legislation which the Deputy has indicated exists. In the interests of the new procedures in the Dáil, I will ask my officials to talk to the Deputy and, if he can identify the gap, I am not averse to an amendment if it is required.

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