Dominic Hannigan (Meath East, Labour)
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Question 54: To ask the Minister for Finance if legislation will be needed to set up the proposed mortgage advice service; and if he will make a statement on the matter. [28094/11]

Michael Noonan (Limerick City, Fine Gael)
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I assume that the Deputy is referring to media speculation in relation to recommendations which may be contained in the Report of an Inter-Departmental group which, prior to the Summer recess, was asked by the Economic Management Council to consider further necessary actions to alleviate the increasing problem of mortgage over-indebtedness. The outcome of the work carried out by the group, which was chaired by my Department and comprised of representatives from other relevant Departments, the Central Bank and expertise from the banking sector, has been presented to the Economic Management Council. I will be bringing the Report to Cabinet next week after which it will be published and I anticipate that the Dáil will be given an opportunity to fully debate the contents and findings soon afterwards. Until the report has been considered by Government and released into the public domain, I do not wish to make any comment on the contents.