A few days ago my colleague, Deputy Butler, mentioned the urgent need to introduce the Bill dealing with the sale of loan books to unregulated institutions. I raise the issue now in a different context. Given the emphasis being placed by some lending institutions-----

Will the Deputy let us into the secret of what legislation he is talking about?

I am talking about the same legislation but in a different context. Given the emphasis being placed by some lending agencies on extracting a response from borrowers that they may not be able to give and the lack of regard for their particular circumstances, will the Government consider introducing the legislation as a matter of urgency?

The promised date for the introduction of the legislation does not adequately address the emerging situation because what some lending agencies call a solution means people being evicted from their home. It is urgently required that we introduce the legislation now.

The sale of loan books to unregulated third parties Bill, to cater for the sale of loan books by regulated financial institutions to unregulated financial institutions, is expected to be published next year.