Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

We had a debate during the previous two days in the House on mortgage distress as a result of the Bill introduced by Deputy Joan Collins. The question is specific. We ventilated in this Chamber and at committee level how the banks have used 14,720 legal letters to meet the targets that were originally set down for mortgage holders who will be offered long-term solutions. We know that is wrong. The Minister said it is not allowed or should not be included as part of reaching the targets but it appears the Governor of the Central Bank will allow those letters to be used. We will wait for the audits to be carried out before making a determination on that. The question relates to the real targets - the concluded arrangements - and the targets that have been belatedly announced, that are nonetheless welcome, of 15% in quarter four and 25% at the end of quarter one 2014.

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