Oireachtas Joint and Select Committees

Tuesday, 19 November 2019

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Tracker Mortgages and Differential Pricing in Insurance: Discussion

Mr. Ger Deering:

First, the reasonable grounds in themselves require a reason. When one thinks about it, the reason this was put in was because the Attorney General and those drafting the legislation presumably felt strongly that it cannot just be open with no limits. The next thing is that when one gives a person discretion they have to be in some way fettered. There was a suggestion at one stage that all trackers should be considered under that situation. One could not have had that as it has to be on the basis of the individual complaint and its particular circumstances.

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