Small-scale investors to face rigorous NAMA regime on disclo

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Small-scale investors to face rigorous NAMA regime on disclosure -Emmet Oliver -> independent.ie/business/iris … 49422.html

Smaller borrowers, not involved in the first three NAMA tranches, must give the agency information on their pensions, any directors’ loans they have and any assets they sold or transferred over the past five years.
Smaller borrowers include a large number of professional people, many of them in the legal and medical professions, who often formed syndicates to invest in property opportunities.
NAMA, which is now taking loans below a €20m threshold after the IMF rescue package, has revised the "debtor business plan’’ it requires borrowers to fill out.
The new plan must be filled out by borrowers with less than 20 loans in total. The new version was completed over 10 days ago and requires smaller borrowers to furnish a full list of assets and liabilities to the agency.

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