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

As I said, we have legislated on a number of occasions because the policy intention is that if a loan is sold the obligations of the new owner are the same as the legal obligations of the original owner. As far as I am concerned, the legislation that was brought through the Houses of the Oireachtas achieves that. As I said to Deputy McGrath, because he had a particular issue, if there is a lacuna in the legislation I am prepared to make an amendment on some appropriate vehicle going through the House. I have no clear insight that there is a lacuna along the lines suggested by the Deputy.

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