Brian Cowen (Laois-Offaly, Fianna Fail)

The Deputy has raised an issue of individual concern to his constituent and concerning the general impact of such measures. It has been agreed in the recapitalisation facilities for the two main banks that there is a need to extend the Irish Banking Federation's voluntary code of conduct to a statutory code to cover all lenders, not simply those who are members of the federation, so that those who have a predilection for heading quickly to the courts for repossession would be subject to the same code and guidelines. That is the best way to deal generally with this issue.

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