Regulation of Loan Ownership: Bill Progresses

Over the past year, the Irish legislature has been working on a Bill to regulate persons who hold legal title to credit and/or control the overall strategy or key decisions in relation to a portfolio of loans. A revised version of the Bill, amended to address some technical issues, has now been passed by the Dáil (the lower house of parliament) and is expected to pass through the Seanad (the upper house) shortly.

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