Mortgage special courts report
Deputy Doherty asked when the Minister for Finance would publish a Central Bank report on mortgage restructuring options before the planned special courts Bill proceeded. The Taoiseach said he could not give a date but would consult the Minister and report back.
The mortgage special courts Bill was supposed to go to pre-legislative scrutiny last month. Will the Taoiseach inform the House when the Minister for Finance will publish a 59-page detailed report he received from the Central Bank six weeks ago into the options that vulture funds and banks have for restructuring mortgages before they move to repossess? He has had that report for six weeks and it is important, given that the Bill is supposed to be going to pre-legislative scrutiny. It is also important in light of yesterday's announcement from the Central Bank that 1,210 letters were issued by banks seeking repossessions of family homes in the three months up to October. Will the Taoiseach inform the House that the Minister will no longer sit on that document and will publish it without delay?
