Mortgages and housing co-operative bill
A brief dispute over whether the issue counted as promised legislation was followed by Deputy O'Reilly's reference to the National Housing Co-operative Bill. The Taoiseach said he had not seen the legislation, would consider it when published, and would assess it for constitutionality, effectiveness and unintended consequences.
It was to do with regulation. Regulation will not save these families. The Government has a consultative approach------
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-----under the framework. What will the Minister for Finance say in that regard?
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I also wish to raise the issue of the sale of so-called non-performing loans. It has emerged that many are domestic loans and have split mortgages or other arrangements, indicating that people have engaged with their bank. Members may have heard the Master of the High Court discussing his experience of people who come before his court on "Morning Ireland" this morning. I understand he has communicated with the Taoiseach. He and others drafted the National Housing Co-operative Bill 2017. I am unsure whether the Taoiseach or the Government have been able to examine the Bill but it discusses ethically sourced funding and a co-operative model, which seems to be thinking outside the box. It is a Bill that the Opposition probably could not introduce because it would involve a cost on the Exchequer. Has the Taoiseach seen the Bill, does he have an opinion on it or does the Government have any other proposals or suggestions on how to ensure protection for those who face the possibility of having their loans sold to a vulture fund even if they have engaged with their banks?
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I have not seen that legislation and do not think anyone else has either. I am unaware of its having been published. However, I will give it full consideration when it is published, as the Government does for any legislation put forward in good faith,-----
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The Taoiseach is not interested.