Written answers
Thursday, 19 June 2014
Department of Finance
Priory Hall Development
Brendan Ryan (Dublin North, Labour)
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41. To ask the Minister for Finance if the owners of apartments in Priory Hall have had their credit ratings amended in respect of the mortgage loans on those properties as per the resolution framework for Priory Hall agreed in October 2013; if he will examine the case of a person (details supplied); and if he will make a statement on the matter. [26393/14]
Michael Noonan (Limerick City, Fine Gael)
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An Implementation Oversight Group, under the aegis of the Department of the Taoiseach, is in place to oversee the overall implementation of the October 2013 Priory Hall Resolution Framework. The Framework provides, inter alia, that the credit rating of the residents of Priory Hall apartments, in respect of the mortgage loans on those properties, be restored to the position it would have been in prior to evacuation of the complex. I understand from the Department of the Taoiseach that the vast majority of residents have had their credit ratings restored. However, regarding the particular case raised by the Deputy, my Department will follow up on the matter and will revert to the Deputy as soon as possible.
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