Joanna Tuffy (Dublin Mid West, Labour)

I received correspondence from the conveyancing committee of the Law Society which states it has a concern that no amendment was proposed to section 91 and that this section will not protect a borrower's family home or housing loan mortgage if in the form of an all sums due mortgage. They state how such a form of mortgage can be used as security for other borrowings from the lender, including overdraft, and any other sums requested by the borrower such as credit card debts. The Law Society is saying that lenders should be debarred from using all sums due on mortgages for housing loans. This is related to the amendment so I would like to hear from the Minister on what the conveyancing committee has to say.

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