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Nama nation: The who, what, where, when and how

The details that follow cover approximately 70 per cent of the loans on property in Ireland taken into Nama as part of its Tranche 1 & 2 transfers from banks covered by the State Guarantee (ie Anglo Irish Bank, AIB, Bank of Ireland, Irish Nationwide and the EBS).

These mortgage charges relate to the development and associated loans of 27 of the country's biggest developers and businesspeople, and are distributed across 15 counties. It is worth noting that under the terms of the National Asset Management Act 2009, Nama has the power to order the sale, or to appoint a receiver to any property asset over which it holds the mortgage charge without recourse to the courts.


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