Dáil debates
Tuesday, 30 January 2018
Other Questions
Mortgage Debt
5:40 pm
Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source
As I said in my reply to the Deputy, a code of conduct is in place and there is a very clear set of laws which I expect to be complied with. I believe the code of practice has made a contribution to dealing with the great pressure people have been under in recent years. I have asked my Department to give me an assessment as to whether the code will continue to have the effect I want it to have. Discussions that take place between lenders and borrowers on high and potentially unsustainable debts are always very difficult and that is why we need to have a code of practice in place. It will make sure the discussions happen in the most appropriate way and I will continue to monitor the matter.
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