Oireachtas Joint and Select Committees

Wednesday, 13 December 2023

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

Credit Servicers Directive: Discussion

Mr. Edmund Honohan:

All law tends to resolve or revolve around a judge's assessment of what is reasonable. That is the process by which the law completes litigation. Decisions must be based on reasonableness. It is clear that at the moment, courts are not engaged, other than in the insolvency situation, with anything other than the paperwork in respect of the title and so forth. Under the new directive, in order to be judicially protecting the rights under the EU law, courts will have to have to get down into the nitty-gritty, granular efforts------

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