Dáil Éireann Debate, Thursday - 21 February 2013
97. Deputy Michael McGrath asked the Minister for Finance the implications for the credit standing of mortgage customers of IBRC arising from recent problems in respect of deduction of mortgage payments; the actions that have been taken to rectify the situation; and if he will make a statement on the matter. [9522/13]
View answerI have been advised that following the appointment of the Special Liquidators certain IBRC bank accounts were closed and some borrowers direct debit payments were not processed as normal. I am advised by the Special Liquidator that they are doing everything they can to address this issue without delay but it is likely to be early next week before it is fully resolved. Borrowers have been notified that the outstanding payment will be processed through the new accounts in due course and that the Special Liquidators will notify them in advance of this. The Special Liquidators have confirmed that the payment will be processed at no additional cost, penalty or expense to the borrower and that their credit rating will not be impacted as a result of the payment not being processed as normal.
