Richard Bruton (Dublin North Central, Fine Gael) | Oireachtas source

Clearly, it is up to banks in terms of the application of the scheme. The paperwork is not what has held it back. In my view and that of the review group, the real impediments have been some of the conditions attached. A three year loan is not sufficient. We will streamline the scheme, but the formal letter of decline was an impediment and we are removing it. There are elements which have put barriers in the way of those using the scheme and we are trying to remove them. The scheme is working and the paperwork side is reasonably okay, but some of the elements have been unnecessary obstacles which we are seeking to remove.

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