Dáil Éireann Debate, Wednesday - 28 November 2012
66. Deputy Seán Kyne asked the Minister for Finance if he will confirm when the code of conduct on mortgage arrears will be amended to reflect the new mortgage arrears resolution strategy recently put in place by the Central Bank of Ireland; and if he will indicate the likely timeframe for same. [53170/12]
Amharc ar fhreagraThe Central Bank has informed me that it will commence a review of the Code of Conduct on Mortgage Arrears in the first quarter of 2013. The Central Bank would normally conduct a review following a reasonable time after implementation and the Code will require updating due to the proposed introduction of both the Personal Insolvency Arrangement insolvency framework and longer term mortgage resolution options. The review will take into consideration recent developments that may be relevant to the issue of mortgage arrears.
