Donnchadh Ó Laoghaire (Cork South Central, Sinn Fein) | Oireachtas source

I pay tribute to the Irish Mortgage Holders Organisation, IMHO, for the work it has been doing on this issue in recent years. On the proposal the IMHO has brought forward, which Mr. Hall was just discussing with Deputy O'Callaghan, would he see it as being a complete alternative or as being complementary to legislation removing the bank veto? It is a model that clearly recommends itself to me, but it occurs to me that inevitably a not-for-profit organisation will not have the same reach as the State. While it would be an option for many people, it would not necessarily have the same reach as the State or a statutory body. Does Mr. Hall see it as complementary?

Just to clarify, Mr. Hall believes that some parts of his proposal might require legislation but that some of it could happen here and now without a legislative basis.