Subject to verification in the audit process, it is possible that most of these cases involve protracted periods of arrears with limited cooperation from the borrower notably in providing the information needed by the lender if they are to arrive at a better solution.
Up-to-date borrower information provided to the lender is essential if the lender is to design a better sustainable solution potentially not involving repossession. Neither the lenders nor the Central Bank expect that repossession will be the preferred solution in the end for most of these cases. In most cases, engagement by the borrower will make the legal course unnecessary.