Written answers

Tuesday, 19 January 2010

Department of Environment, Heritage and Local Government

Local Authority Schemes

9:00 pm

Photo of Caoimhghín Ó CaoláinCaoimhghín Ó Caoláin (Cavan-Monaghan, Sinn Fein)
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Question 886: To ask the Minister for the Environment, Heritage and Local Government if his attention has been drawn to the fact that Monaghan County Council previously informed mortgage holders that they were permitted to seek alternative mortgage protection cover at more competitive rates, and that this permission has since been revoked; if he is satisfied with the manner in which this was handled by the local authority; and if he will make an order allowing these families to revert to the cheaper policy. [1522/10]

Photo of Michael FinneranMichael Finneran (Roscommon-South Leitrim, Fianna Fail)
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I understand that the error involved came to light when the revised Mortgage Protection Insurance scheme was introduced on 1 January 2009. At that time, 15 borrowers were identified as having received incorrect information from Monaghan County Council and were now outside the insurance scheme. The Council informed the borrowers concerned and these borrowers have now been given the option of rejoining the scheme, thereby enjoying the fuller range of benefits that it confers. Those who opted as a result of the administrative error to take on alternative cover and who wish now to remain outside the scheme must obtain mortgage protection insurance and their insurer must notify Monaghan County Council on an annual basis that adequate cover is in place.

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