Thomas Pringle (Donegal South West, Independent) | Oireachtas source

I thank the Minister. That was an outline of the Consumer Protection (Regulation of Credit Servicing Firms) Bill that is going through the Houses but it does not answer the questions asked on the voluntary agreement to participate in the code of conduct on mortgage arrears. I can take it that the answer is that it does not make any difference really. How will the Bill apply retrospectively for those mortgage holders who are being moved against now? Will they be able to get the protections of the code when the Bill is passed? That is the critical question the Minister needs to answer now.

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