Dáil debates

Tuesday, 3 December 2013

Credit Reporting Bill 2012: Report and Final Stages

 

6:15 pm

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

I thank the Minister of State for his response. I accept the substance of what he said on executors. In essence, he said there is an absolute veil of confidentiality for every individual concerning the private record that is held on the register for guarantors and spouses. That could throw up potential issues down the line - for example, where a person incurs debts where there is joint liability and the other person concerned does not have access to the information. The matter must be examined should many such issues arise when the register is up and running, but it is important to flag it at this stage. The NCA made a valuable submission and the issue was well worth raising. I will not press the amendment but I will flag the matter as one to be watched closely once the register is operational.

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