Mediation and loan-book legislation
Bernard Durkan seeks progress on the mediation Bill and earlier action on legislation governing sales of loan books to unregulated third parties. The Taoiseach says the mediation Bill will come later this year and will examine the loan-book Bill’s progress.
What is the progress on the mediation Bill, as per the Law Reform Commission report and recommendations? Have the heads been cleared and when is it likely to come before the House? It is of considerable importance to people in the conflict resolution business.
I refer to the proposed sale of loan books to unregulated third parties, which I and others have raised in the House previously.
In view of the importance of that legislation and its implications for a large number of people throughout the country, will it be possible to bring it before the House earlier than expected? As each day goes by-----
Comment on this
I refer to the Bill relating to the sale of loan books to unregulated third parties.
Comment on this
I will discuss it with the Minister for Finance. It is scheduled for next year. In view of the Deputy's request, we will see what is the state of progress with the preparation of the Bill. The heads of the mediation Bill were cleared in February 2012. Quite a deal of work has been done on it. The Bill will be introduced later this year.