Seanad debates
Thursday, 23 November 2006
Land and Conveyancing Law Reform Bill 2006: Report and Final Stages
5:00 pm
Michael McDowell (Dublin South East, Progressive Democrats)
The acceptance of this amendment would mean every financial institution would be required to update each mortgagor's consent annually or, failing that, go to court in each and every case arising. That would create either additional administration costs for mortgagees or additional court related costs for mortgagees or mortgagors. We do not believe this would be in the public interest.
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