Pearse Doherty (Donegal, Sinn Fein)
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121. To ask the Minister for Finance the number of prosecutions which have been brought against lenders for irresponsible lending in breach of Article 8(1) of the credit agreements for consumers' directive; and if he will make a statement on the matter. [16798/16]

Michael Noonan (Limerick City, Fine Gael)
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I presume the Deputy is referring to Statutory Instrument 281 of 2010 European Communities (Consumer Credit Agreements) Regulation 2010 (which transposed Directive 2008/48/EC of the European Parliament and of the Council of 23 April 2008 on credit agreements for consumers and repealing Council Directive 87/102/EEC). Regulation 11 of the Statutory Instrument transposed Article 8(1) the "Obligation to assess creditworthiness of consumers".

I am advised by the Central Bank that it has not taken any sanctions against lenders for breaches of Regulation 11.