Dáil debates

Tuesday, 25 November 2008

5:00 pm

Photo of Bernard DurkanBernard Durkan (Kildare North, Fine Gael)

It has come to my notice that a number of banks and building societies are highlighting a clause in mortgage protection policies to the effect that they are only valid for a year after the main earner falls ill or loses his or her job. Since it is promised to transfer responsibility for this from the Department of the Environment, Heritage and Local Government to the Department of Finance in the financial services (miscellaneous provisions) Bill, could the Taoiseach bring the legislation to the House more urgently than has been suggested to date to bring about a scenario where banks and building societies are prevented from repossessing houses in those circumstances? The Minister for Finance knows what I am talking about.

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