Trevor Ó Clochartaigh (Sinn Fein) | Oireachtas source

I outlined on Second Stage some of our issues with this and our main concern is fact there is no incentive for the banks to engage with the personal insolvency process in a fair and reasonable manner prior to seeking repossession. The code of conduct is skewed against the mortgage holder and there are insufficient protections for families who are in the most distress. Neither is there sufficient scope in the Bill for judges to assess whether the banks are being reasonable in their assessment of cases. The Bill should be part of the solution and not the problem. Once again the Government has left the power in the hands of the bankers and we will table amendments on Report Stage.