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Dáil Éireann debate -
Thursday, 26 Jul 1973

Vol. 267 No. 12

Written Answers. - Building Society Code.

232.

asked the Minister for Local Government if he intends to take action against any building society or mortgage broker who makes it a condition that loan applicants take out insurance policies.

As I stated in my reply to Parliamentary question No. 26 of the 19th June last, I have asked the building societies to consider drawing up an agreed code of practice governing their activities. Requirements involving the taking out of insurance by borrowers are matters which I would visualise as falling within the scope of the code of practice.

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