Oireachtas Joint and Select Committees
Thursday, 18 January 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Tracker Mortgages: Central Bank of Ireland
9:30 am
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
It is clear that is Professor Lane's view, but I do not believe it has been pushed as far as possible. This will leave a sting in the tail in the handling of the tracker mortgage issue. Professor Lane has placed a greater priority on a reference to the prevailing rate, which is undefined. Greater priority has been placed on one interpretation of an undefined element of the contract than on a very explicit definition of the tracker mortgage rate.
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