Michael McGrath (Cork South Central, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

It is assumed that the Deputy is referring to the Central Bank macro prudential rules in relation to the provision of residential mortgage credit. These borrower based mortgage lending measures were introduced in February 2015 and prior to that date, no comparable mortgage lending rules were in place. However, in 2007 mortgage lenders were subject to the Consumer Credit Act 1995 and where applicable the Central Bank’s 2006 Consumer Protection Code when providing mortgage credit to consumers.