Joe McHugh (Donegal North East, Fine Gael)
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Question 352: To ask the Minister for Finance the plans that will be put in place under the National Assets Management Agency legislation to compensate small-scale developers who are owed money by large developers whose loans will be taken over by NAMA; and if he will make a statement on the matter. [38648/09]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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NAMA is being set up to acquire Land and Development and associated loans from participating institutions. In effect, NAMA will step into the shoes of the lender concerned and take over management of the loans with a view to generating a return over time. NAMA will have no role in relation to compensating developers, large or small, as anticipated in this question. NAMA will be mandated to operate in a commercial manner in relation to all contracts it acquires.