National Asset Management Agency Act 2009

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).