Thursday, 17 April 2014

Questions (83)

Michael McGrath

Question:

83. Deputy Michael McGrath asked the Minister for Finance if he will hold a public consultation on protecting the consumer rights of mortgage holders whose loans are sold to unregulated funds; and if he will make a statement on the matter. [18501/14]

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Written answers (Question to Finance)

As I said in the House on 8 April 204, in reply to an earlier Parliamentary Question, draft heads of the legislation have been sent to the Central Bank for its consideration in advance of more detailed engagement with the Attorney General's office. I also said that I did not consider it appropriate to discuss the details of these draft heads because we are at a very preliminary stage and the heads have not been cleared from a legal viewpoint. Once this exercise has been completed with the Central Bank, I will give full consideration to next steps including the question of broader consultation.