142. Deputy Lucinda Creighton asked the Minister for Finance if the Central Bank of Ireland has considered amending the code of conduct on mortgage arrears to address those borrowers where the lenders, through the mortgage arrears resolution process, have commenced legal proceedings but the financial situation of the borrower has improved in the meantime; if the Central Bank of Ireland could amend the code of conduct to put greater obligations on the lender to recommence the MARP process in such a scenario, thus reducing the lender's attempts to seek possession of the property; and if he will make a statement on the matter. [6282/14]

Summary

142. Deputy Lucinda Creighton asked the Minister for Finance if the Central Bank of Ireland has considered amending the code of conduct on mortgage arrears to address those borrowers where the lenders, through the mortgage arrears resolution process, have commenced legal proceedings but the financial situation of the borrower has improved in the meantime; if the Central Bank of Ireland could amend the code of conduct to put greater obligations on the lender to recommence the MARP process in such a scenario, thus reducing the lender's attempts to seek possession of the property; and if he will make a statement on the matter. [6282/14]

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Timeline

1. 11 February 2014

   Mortgage Arrears Proposals

   142. Deputy Lucinda Creighton asked the Minister for Finance if the Central Bank of Ireland has considered amending the code of conduct on mortgage arrears to address those borrowers where the lenders, through the mortgage arrears resolution process, have commenced legal proceedings but the financial situation of the borrower has improved in the meantime; if the Central Bank of Ireland could amend the code of conduct to put greater obligations on the lender to recommence the MARP process in such a scenario, thus reducing the lender's attempts to seek possession of the property; and if he will make a statement on the matter. [6282/14]

   Source: written

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• Mortgage Arrears Proposals

  xml · EN · 11 February 2014

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• Creighton, Lucinda. · Asking member
• Finance · Finance · Addressed to

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