Written answers

Thursday, 23 June 2011

6:00 pm

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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Question 68: To ask the Minister for Finance his plans to increase the loan thresholds which the Credit Review Office can examine. [16945/11]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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The Credit Reviewer in his last quarterly report referred to his proposals to raise the current cap on the refusals which can be reviewed by his Office to €500,000. The current threshold of €250,000 is specified in S.I. 127 of 2010. My officials have already been in correspondence with the Central Bank on this issue and the matter is under active consideration in my Department at present.

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