Michael Finneran (Roscommon-South Leitrim, Fianna Fail)

I move amendment No. 79:

In page 53, to delete lines 28 to 36 and substitute the following:

"(3) (a) Where a housing authority or approved body has suspended the reduction of the charged share under subsection (1), the housing authority or approved body, as appropriate, shall, as soon as practicable thereafter, notify the purchaser in writing of the suspension and the reasons for the suspension.

(b) The housing authority or approved body, as the case may be, shall, on the expiration of the charged period, give a statement to the purchaser in writing, in the prescribed form, indicating the amount of the charge outstanding under the charging order on the date of expiration of the charged period, which amount shall be expressed as a percentage of the market value of the dwelling, equivalent to the charged share of the housing authority or approved body, as appropriate, in the dwelling on that date calculated in accordance with subsection (2).".

These amendments relate to the provisions already set out in Part 3 and Part 4 which allow a housing authority or an approved body to suspend incremental releases to a purchaser of a dwelling of incremental purchase arrangements or a housing authority to suspend incremental releases to a purchaser of an apartment under a new tenant purchase scheme for apartments where the purchaser or a member of the purchaser's household fail to comply with the terms and conditions of purchase.

The amendments specifically require that where a housing authority or an approved body under Part 3 or a housing authority under Part 4 invoke the suspension provisions they must notify the purchaser that releases have been suspended and of the reasons. At the end of the charge period, the housing authority or the approved body must then notify the purchaser of the amount owed by them to either the housing authority or approved body in respect of the amount of the charged share not released as a result of the suspension.

See this speech in context