Oireachtas Joint and Select Committees
Thursday, 6 July 2017
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
ECOFIN Meeting: Minister for Finance
9:30 am
Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source
I never said I was not concerned. In fact, I said the very opposite. I indicated that I was keenly aware that somebody's home was the backup for his or her loan. I understand that. I have dealt with as many people as the Senator who are in intense mortgage distress or living in a property the ownership of which is changing. I am as aware as anybody else in the House of the human face of the problem. I am simply making the point that legislation was introduced in 2015 to ensure that if a loan changed hands, the person who was dependent on the asset with which the loan was related still had the protection he or she needed. I will keep the matter under review because I want to make sure we will do what we reasonably can to deal with the great social and personal distress people can endure.
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