Central Bank canvassed on new mortgage law

The Department of Finance has sought the view of the Central Bank on draft legislation aimed at protecting the consumer rights of mortgage holders.

Ian Kehoe - avatar

Ian Kehoe

13th April, 2014

The Department of Finance has sought the view of the Central Bank on draft legislation aimed at protecting the consumer rights of mortgage holders whose loans are sold to unregulated vulture funds.

The department circulated draft heads of legislation to the Central Bank in recent days, as it seeks to prioritise the legislation following a torrent of public and political pressure.

After input from the Central Bank, the draft heads will be advanced to the...

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