Michael Finneran (Roscommon-South Leitrim, Fianna Fail)

The amendment is required to delete the first reference to "an approved body" in section 39(3) because, unlike housing authorities, approved bodies are not mortgagees, that is, they do not extend house purchase improvement loans. The second reference to "an approved body" in the subsection stands, that is, an approved body that sold a dwelling under incremental purchase may purchase the remaining interest in the mortgage advanced for that dwelling where the lender other than the housing authority proposes to exercise his or her powers of sale under the mortgage.