194 Deputy Bernard J. Durkan asked the Minister for Finance the steps that can be taken to encourage the mortgage lending sector to address the issue of the multiplication of mortgage arrears through the medium of compound interest; if the lending sector would take a realistic position whereby the missing of a monthly instalment would not result in the application of penalties such as compound interest; and if he will make a statement on the matter. [18975/11]

Summary

194 Deputy Bernard J. Durkan asked the Minister for Finance the steps that can be taken to encourage the mortgage lending sector to address the issue of the multiplication of mortgage arrears through the medium of compound interest; if the lending sector would take a realistic position whereby the missing of a monthly instalment would not result in the application of penalties such as compound interest; and if he will make a statement on the matter. [18975/11]

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Timeline

1. 5 July 2011

   Mortgage Arrears

   194 Deputy Bernard J. Durkan asked the Minister for Finance the steps that can be taken to encourage the mortgage lending sector to address the issue of the multiplication of mortgage arrears through the medium of compound interest; if the lending sector would take a realistic position whereby the missing of a monthly instalment would not result in the application of penalties such as compound interest; and if he will make a statement on the matter. [18975/11]

   Source: written

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• Mortgage Arrears

  xml · EN · 5 July 2011

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Sponsors

• Durkan, Bernard J. · Asking member
• Minister for Finance · Minister for Finance · Addressed to

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