Oireachtas Joint and Select Committees

Tuesday, 8 April 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Mortgage Arrears Resolution Process: (Resumed) Ulster Bank

3:20 pm

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour) | Oireachtas source

The target figure for quarter two of 2014 is 75%. As Deputies Pearse Doherty and Michael McGrath, myself and other members have indicated, there is a way that figure could be broken down if one minused the court cases from that.

Is it possible to give the committee a breakdown of the court cases being pursued in respect of the number of customers who are in arrears for 90 days or more and are non-engaging with the bank, those who now have commenced to respond to the bank and those who have moved from the mortgage arrears resolution process to a court case? If people are refusing to engage with the bank there must be a consequence but the joint committee is most concerned about people who had been in the mortgage arrears resolution process but now find themselves before a court and we would like further information on that.

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