Tommy Broughan (Dublin Bay North, Independent)
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195. To ask the Minister for Finance the instructions that have been given by the Central Bank to banks regarding tracker mortgages pre-2006; the parameters for review; if all persons that were on tracker mortgages at some point pre-2006 and subsequently wished to return to a tracker mortgage will be included in the review; and if he will make a statement on the matter. [45918/17]

Paschal Donohoe (Dublin Central, Fine Gael)
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The Tracker Examination is the largest and most complex supervisory investigation undertaken in the context of the Central Bank's consumer protection mandate, involving the review by lenders of more than two million mortgage accounts.

The Examination requires lenders, which offered tracker interest rate mortgages to their customers, to review all mortgage accounts from the date when the lender commenced offering tracker interest rate mortgages until 31 December 2015 in respect of both Private Dwelling Houses and Buy-to-Let properties:

1. that originated on tracker interest rates;

2. that had tracker interest rates applied at any stage during the term of the underlying mortgage agreements; and/or

3. where the underlying mortgage agreements provided for contractual rights to or options for tracker interest rates at any stage during the term of the agreements.

Further detailed information regarding the Central Bank’s Tracker Mortgage Examination Framework, as well as the Central Bank’s regular progress updates of the Examination, can be found at .