Dáil Éireann Debate, Wednesday - 2 March 2022
85. Deputy Patricia Ryan asked the Minister for Finance if NAMA could make part or all of the land it owns or controls at a site (details supplied) available for public use; and if he will make a statement on the matter. [11912/22]
Amharc ar fhreagraAs the Deputy may be aware, NAMA does not typically own or control properties; rather NAMA owns loans for which the properties act as security. The properties securing NAMA’s loans are owned and controlled by their registered owners, or appointed receivers in the case of enforcement.
The Deputy will appreciate that, under Sections 99 and 202 the NAMA Act and in line with normal banking confidentiality, NAMA is legally precluded from disclosing information relating to debtors or their properties. However, I am advised that NAMA’s involvement with the referenced property ended in 2018 when the property was sold by its owner and NAMA released its charge accordingly.
