Michael McGrath (Cork South Central, Fianna Fail)
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To ask the Minister for Finance the implications for the credit standing of mortgage customers of IBRC arising from recent problems in respect of deduction of mortgage payments; the actions that have been taken to rectify the situation; and if he will make a statement on the matter. [9522/13]

Michael Noonan (Limerick City, Fine Gael)
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I have been advised that following the appointment of the Special Liquidators certain IBRC bank accounts were closed and some borrowers direct debit payments were not processed as normal. I am advised by the Special Liquidator that they are doing everything they can to address this issue without delay but it is likely to be early next week before it is fully resolved. Borrowers have been notified that the outstanding payment will be processed through the new accounts in due course and that the Special Liquidators will notify them in advance of this. The Special Liquidators have confirmed that the payment will be processed at no additional cost, penalty or expense to the borrower and that their credit rating will not be impacted as a result of the payment not being processed as normal.

Michael McGrath (Cork South Central, Fianna Fail)
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To ask the Minister for Finance if he will take into consideration the impact on mortgage customers and the variable rate charged on their loans of a sale of the IBRC mortgage book; and if he will make a statement on the matter. [9523/13]

Michael Noonan (Limerick City, Fine Gael)
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I am advised that the Special Liquidators are still in the process of devising and implementing a sales process in respect of IBRC’s assets. As this sales process has not yet commenced, the Special Liquidators are not in a position to comment or speculate on the impact this may or may not have on the borrowers concerned or the rates charged by the eventual purchasers of those assets.