43 Deputy John Paul Phelan asked the Minister for Finance the legal requirements governing financial institutions selling on loans that they have advanced to borrowers; the statues governing the selling of loans and debt here; if a debt is sold on whether it is accurate to say that the original debt has been repaid to the original lender, whereas no direct contact exists between the borrower and the new purchasing owner; if it is lawful for a financial institution to sell on a debt without full prior disclosure to the borrower and potentially changing the conditions of the loan; and if there are any conditions governing the selling-on of loans by foreign financial institutions operating here. [6989/12]

Summary

43 Deputy John Paul Phelan asked the Minister for Finance the legal requirements governing financial institutions selling on loans that they have advanced to borrowers; the statues governing the selling of loans and debt here; if a debt is sold on whether it is accurate to say that the original debt has been repaid to the original lender, whereas no direct contact exists between the borrower and the new purchasing owner; if it is lawful for a financial institution to sell on a debt without full prior disclosure to the borrower and potentially changing the conditions of the loan; and if there are any conditions governing the selling-on of loans by foreign financial institutions operating here. [6989/12]

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• Banking Sector Regulation

  xml · EN · 8 February 2012

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