197. Deputy Maureen O'Sullivan asked the Minister for Finance in view of the increasing magnitude of the mortgage crisis here and the Central Bank of Ireland's new Code of Conduct on Mortgage Arrears, if he has taken into consideration consumer protection advocates' comments on the changes as absolutely appalling, including the removal of the 12 month moratorium on legal action, reduction in protection of home owners from excessive contact from banks and the lack of independent appeal if a home owner cannot comply with lender requests; the way he will empower home owners in the resolution process in order to address the power imbalance between lender and home owner; and if he will make a statement on the matter. [31737/13]

Summary

197. Deputy Maureen O'Sullivan asked the Minister for Finance in view of the increasing magnitude of the mortgage crisis here and the Central Bank of Ireland's new Code of Conduct on Mortgage Arrears, if he has taken into consideration consumer protection advocates' comments on the changes as absolutely appalling, including the removal of the 12 month moratorium on legal action, reduction in protection of home owners from excessive contact from banks and the lack of independent appeal if a home owner cannot comply with lender requests; the way he will empower home owners in the resolution process in order to address the power imbalance between lender and home owner; and if he will make a statement on the matter. [31737/13]

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Timeline

1. 2 July 2013

   Mortgage Arrears Proposals

   197. Deputy Maureen O'Sullivan asked the Minister for Finance in view of the increasing magnitude of the mortgage crisis here and the Central Bank of Ireland's new Code of Conduct on Mortgage Arrears, if he has taken into consideration consumer protection advocates' comments on the changes as absolutely appalling, including the removal of the 12 month moratorium on legal action, reduction in protection of home owners from excessive contact from banks and the lack of independent appeal if a home owner cannot comply with lender requests; the way he will empower home owners in the resolution process in order to address the power imbalance between lender and home owner; and if he will make a statement on the matter. [31737/13]

   Source: written

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• Mortgage Arrears Proposals

  xml · EN · 2 July 2013

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• O'Sullivan, Maureen. · Asking member
• Finance · Finance · Addressed to

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