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Banks can veto PIAs if arrears arose after 1 Jan 2015

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Copied from another thread - Brendan

However, the difficulty the nurse would have is that she doe not appear to qualify for a Section 115A PIA (i.e. it appears that she was not in arrears as at 1 January 2015.) and thus the bank could veto the deal. She would have to make the PIA "attractive" to the bank to encourage them to vote yes.



Jim Stafford

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