Written answers

Tuesday, 27 May 2014

Photo of Stephen DonnellyStephen Donnelly (Wicklow, Independent)
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133. To ask the Minister for Finance if it remains the position on the part of the National Asset Management Agency that the maximum amount it can recover on a loan is the par value of the loan; and if he will make a statement on the matter. [22848/14]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I am advised by NAMA that the majority of loan documentation permits a maximum recovery of outstanding par debt plus interest and fees.

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