Update: Loan Books – Finance 2nd October, 2014

QUESTION NOS:  80,81
DÁIL QUESTIONS addressed to the Minister for Finance (Deputy Michael Noonan)
by Deputy Bernard J. Durkan,Bernard J. Durkan
for WRITTEN ANSWER on 02/10/2014 

 
* To ask the Minister for Finance the extent to which he continues to monitor the activities of venture capital companies who purchased loan books from various lending institutions and who are now forcing the borrowers to surrender their homes voluntarily or otherwise, have shown a distinct unwillingness to restructure such loans and who would appear destined to make a considerable profit at the expense of borrowers who have made valiant efforts to try to discharge their indebtedness and who continue to do so; if a review might be undertaken to clarify the extent of such practices; and if he will make a statement on the matter.

– Bernard J. Durkan T.D.

For WRITTEN answer on Thursday, 2 October, 2014.

* To ask the Minister for Finance the degree to which his Department has monitored the activities of purchasers of impaired loan books from various lending institutions with particular reference to clarification as to the number of instances wherein legal procedures have been initiated, loans have been restructured, where voluntary sale or surrender is deemed to have taken place; and if he will make a statement on the matter.

– Bernard J. Durkan T.D.