Dáil Éireann Debate, Tuesday - 25 February 2014
198. Deputy Terence Flanagan asked the Minister for Finance the position regarding ex-Irish Nationwide Building Society residential mortgage holders (details supplied); and if he will make a statement on the matter. [9126/14]
View answerIn the event that NAMA ultimately acquires this portfolio, the NAMA Board will be mindful of its legal obligations and of general market norms. I am advised that NAMA is likely to apply best practice in this regard and will seek to ensure that a borrower's legal position does not deteriorate by virtue of NAMA acquisition of the loan or loans concerned.
