Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

I thank the Deputy for raising an issue I know he has a long-standing interest in. I have constituents who have difficulties similar to those the Deputy referred to. We come across them during our public work. Their loans have been sold and are now owned by a fund or entity which they feel is adding to the challenges they face.

The licensing of those funds and organisations is handled by the Central Bank. It is not handled by the Government, the Department of Finance or any individual politician. What should be happening is that those funds should be subject to the code of conduct on mortgage arrears, in the same way as any bank. The Deputy named the fund previously and I hope that his continual raising of the issue will be of some comfort to the constituents dealing with the matter.

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