Oireachtas Joint and Select Committees
Thursday, 20 September 2012
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Credit Union Bill 2012: Discussion (Resumed)
3:25 pm
Mr. Padraig Ó Cearbhaill:
This is a technical point that arose in discussion. If the member is in arrears of €1 but is paying €100 per month on an ongoing basis, €1 may arise as arrears on his account. In that case, the sum of €1 is in arrears of more than 90 days. We brought it to the attention of the draughtsman in order to have the matter re-examined.
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