We use Google Analytics to see which pages are read and how the site is used, so we know what to improve. This only runs if you accept. See our privacy notice for details.

Dáil
‹ Ceisteanna ar Reachtaíocht a Gealladh - Questions on Promised Legislation

Mortgage code of conduct

Summary

Deputy Durkan asked whether the Central Bank’s code of conduct could better protect homeowners in mortgage arrears who are making regular payments. The Tánaiste said the matter was under continual review but he knew of no imminent change.

Bernard Durkan Deputy Bernard J. Durkan Fine Gael

I wish to raise an issue I have raised previously concerning the Central Bank (Amendment) Bill, which might be used to introduce a code of conduct that might in some way assist homeowners who are in arrears with their mortgage and who are making regular and reasonable payments, and it might in some way enhance their protection.

Comment on this
Simon Coveney The Tánaiste Fine Gael

Is the Deputy referring to the code of conduct on mortgages?

Comment on this
Bernard Durkan Deputy Bernard J. Durkan Fine Gael

Yes.

Comment on this
Simon Coveney The Tánaiste Fine Gael

It is an issue that is constantly under review by the Central Bank but I am not aware of any plans for the Central Bank to change its approach any time soon.

Comment on this