Written answers
Wednesday, 2 December 2009
Department of Justice, Equality and Law Reform
Property Repossessions
Noel Ahern (Dublin North West, Fianna Fail)
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Question 226: To ask the Minister for Justice, Equality and Law Reform the way in which he proposes to change the system in relation to repossession or surrender of property; and if he will make a statement on the matter. [45054/09]
Dermot Ahern (Louth, Fianna Fail)
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The position is that substantial reforms of the law governing the powers and rights of lending institutions in relation to taking possession and exercising the power of sale of mortgaged property are set out in Part 10 of the Land and Conveyancing Law Reform Act 2009 which entered into force on 1 December 2009.
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