Mortgage Interest Rates Cap Bill 2023

Public bill · Private Member · Introduced

Sets a 3% maximum interest rate on mortgages for private homes by directing the Central Bank to tell lenders to stay within that limit. It also requires a review of how the law works within two years and would take effect within 90 days of being signed into law.

Formal long title

Bill entitled an Act to direct the Central Bank to cap interest rates on private dwelling house mortgages at 3 per cent; and to provide for related matters.

Last updated 30 August 2024