Michelle Mulherin (Mayo, Fine Gael) | Oireachtas source

I take it the answer is "No". It raises the question of why there must be public outcry for consumer protection for mortgage holders and their family homes and principal residences to come into effect at the 11th hour.

With regard to the new owners of the loan full portfolio when the sales process has been completed, can Mr. Wallace set out the penalties people in arrears might face? We are talking about an interest rate increase, which is a possibility. Could there be penalty interest charges? Are these people on their own if the loans are sold to financial institutions not regulated by the Central Bank?