Oireachtas Joint and Select Committees

Wednesday, 21 November 2012

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance

Credit Union Bill 2012: Committee Stage

5:40 pm

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael) | Oireachtas source

I move amendment No. 116:

In page 81, between lines 30 and 31, to insert the following:

"

19Section 37A(2)Substitute:
“(2) A notice under subsection (1) may be in a form that, when endorsed by the member on accepting a loan offered by the credit union, constitutes a credit agreement for the purposes of--
(a) sections 37B and 37C, or
(b) where the loan is for an amount between €200 and €75,000, the European Communities (Consumer Credit Agreements) Regulations 2010 (S.I. No. 281 of 2010).”.

".

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