National Asset Management Agency Act 2009

77.

Market values.

77.— (1) In determining the market value of property, NAMA may take into account—

( a) any value that the participating institution concerned submits as being, in its opinion, the market value of the property,

( b) any report prescribed under section 78 that is reasonably available to NAMA when it carries out the relevant valuation, and

( c) the market value already determined by NAMA of another similar property.

(2) In determining the market value of a bank asset NAMA may take into account—

( a) any value that the participating institution concerned submits as being, in its opinion, the market value of the bank asset,

( b) the market value already determined by NAMA of any other similar bank asset,

( c) the creditworthiness of the debtor or obligor concerned,

( d) the performance of that asset, and

( e) the market value of property determined by NAMA under subsection (1) .