Michael D'Arcy
Question:89. Deputy Michael D'Arcy asked the Minister for Finance the loan threshold amount before a C2 or tax clearance certificate is required for loan approval with a credit union. [11994/16]
View answerWednesday, 25 May 2016
Questions (89)
Written answers
The Central Bank has informed me that credit unions are not required to specify the loan threshold amount before a Tax Clearance Certificate is required for loan approval. In general, a credit union's credit policy, including how a credit union assesses creditworthiness or a member's capacity to repay is a matter for each individual credit union, taking account of relevant legal and regulatory requirements and guidance and a Tax Clearance Certificate may be required as part of this process.