Seán Fleming (Laois-Offaly, Fianna Fail) | Oireachtas source

I move amendment No. 12:

In page 5, between lines 34 and 35, to insert the following:“(2) Section 33A of the Central Bank Act 1997 is amended by inserting the following subsection after subsection (5)—

“(6) The Bank shall also impose a condition that debt management firm and/or a credit servicing firm shall be subject to the Code of Conduct on Mortgage Arrears 2013, in relation to all mortgages, including a mortgage that was not previously covered under said code.”.”.

The amendment provides for a condition that the debt management or credit servicing firm shall be subject to a code of conduct in respect of all mortgages, including mortgages not previously covered under the said code. There may be a simple answer that it is going to be covered, in which case I will not waste time discussing the amendment.

In respect of amendment No. 24, it provides that the consumer protection code shall continue to apply to all loans to which the code was previously applicable. If there is a straight positive answer to both questions we will move on.