Written answers

Thursday, 18 January 2018

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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51. To ask the Minister for Finance the position regarding the application of interest on a judgment secured by a financial institution against a person or their home; the basis for the rate that is charged; if discretion is involved in the application of the interest; and if he will make a statement on the matter. [2437/18]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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The level of interest payable on judgment debts is a matter for the Minister for Justice and Equality.  The current rate is specified in Statutory Instrument 624 of 2016 which has been forwarded to the Deputy for his convenience.

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