Kathleen Funchion
Question:73. Deputy Kathleen Funchion asked the Minister for Finance the actions his Department took to assist a person (details supplied). [35647/20]
View answerWednesday, 11 November 2020
Questions (73)
Written answers
I understand that there have been a number of exchanges of correspondence with the person referred to and my office has responded on three separate occasions since first contact was made on this matter last December.
Following the initial correspondence, my officials raised the matter with NAMA who advised that the loans associated with the debtor concerned were sold by NAMA in 2015 and that is where NAMA's involvement with the developer ended. My officials were further advised that the sale of these loans had no impact on the terms or conditions of any agreement entered into between occupants and the estate developer.
Unfortunately this is not a matter for the Minister for Finance or NAMA and my officials have advised that any dispute must be taken up with the developer and/or receiver concerned.
Lastly, I wish to point out that NAMA was established as an independent commercial body and the Minister for Finance does not have a role in its operations or decisions.