Seanad debates
Monday, 20 July 2015
Personal Insolvency (Amendment) Bill 2014: Committee and Remaining Stages
12:30 pm
Aodhán Ó Ríordáin (Dublin North Central, Labour) | Oireachtas source
I thank the Senator for his contribution. I am advised that the review is limited to arrears before January 2015 or restructures of such arrears to prevent negative implications for new mortgage lending. Extending the new review to arrears built up from this year onwards would risk increasing mortgage interest rates on new lending, something we are determined to avoid.
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