Dáil Éireann Debate, Tuesday - 5 March 2024
232. Deputy Louise O'Reilly asked the Minister for Finance what the Central Bank mortgage lending rules were in 2007; if he can provide details of the rules in place at that time; and if he will make a statement on the matter. [10599/24]
Amharc ar fhreagraIt is assumed that the Deputy is referring to the Central Bank macro prudential rules in relation to the provision of residential mortgage credit. These borrower based mortgage lending measures were introduced in February 2015 and prior to that date, no comparable mortgage lending rules were in place. However, in 2007 mortgage lenders were subject to the Consumer Credit Act 1995 and where applicable the Central Bank’s 2006 Consumer Protection Code when providing mortgage credit to consumers.
