Dáil debates

Tuesday, 23 February 2010

4:00 pm

Photo of Mary HanafinMary Hanafin (Dún Laoghaire, Fianna Fail)

That is a separate group. The Departments in question are working on the two groups. We should not ignore the fact that a moratorium of 12 months has been established which covers all institutions covered by the Financial Regulator, including the sub-prime lenders. This means that when someone gets into difficulty in paying their mortgage, as long as they engage with the bank, no action will be taken in repossessing their homes for 12 months. They can still do this through MABS too.

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