Dáil Éireann Debate, Tuesday - 23 October 2012
191. Deputy Michael McGrath asked the Minister for Finance if the Central Bank of Ireland is updating its code of conduct on mortgage arrears to reflect the provisions of the Personal Insolvency Bill; and if he will make a statement on the matter. [46402/12]
View answerThe Central Bank has informed me that it will commence a review of the Code of Conduct on Mortgage Arrears in the first quarter of 2013. The Central Bank would normally conduct a review a reasonable time after implementation and the Code will require updating due to the proposed introduction of both the Personal Insolvency Arrangement insolvency framework and longer term mortgage resolution options. The review will take into consideration recent developments that may be relevant to the issue of mortgage arrears, including all relevant Acts of the Oireachtas.
