133. Deputy Pearse Doherty asked the Minister for Finance his views and those of the Central Bank on whether the policy of a bank (details supplied) of charging an extra 1 percentage point interest rate on all restructured tracker mortgages is within the spirit and letter of the code of conduct on mortgage arrears; if this issue has been raised with him or the Central Bank; and if he will make a statement on the matter. (Question 48709/17 asked on 21 Nov 2017 - Code of Conduct on Mortgage Arrears)

Minister for Finance (Deputy Paschal Donohoe): I can confirm for the Deputy that the matter referred to has not been raised with me. 
I would remind the Deputy, however, that although the State has a 14% minority shareholding in BOI, I in my role as the Minister for Finance, have no direct function in the relationship between the bank and its customers. Decisions taken by the bank in this regard are matters for the board and management of the institution. The Minister for Finance must ensure t...

2. Deputy Pearse Doherty asked the Minister for Finance his plans to implement the programme for Government commitment to deal with the mortgage crisis by working with the Central Bank to amend the code of conduct on mortgage arrears to include an obligation on providers of mortgage credit to provide a range of sustainable arrears solutions and to put the code of conduct on a statutory basis. (Question 17748/16 asked on 23 Jun 2016 - Code of Conduct on Mortgage Arrears)

Deputy Pearse Doherty: My question this month is similar to the question we put down last month. It relates to the specific plans and the timeframe to implement the commitment that was made in the programme for Government regarding those in mortgage distress and the calls that have been made by myself and my party, along with others, that it should be mandatory for lenders to offer certain solutions to those in mortgage arrears. The Minister said he was willing to make it mandatory for lenders...

137. Deputy Pearse Doherty asked the Minister for Finance his plans to place the code of conduct on mortgage arrears on a statutory footing; and if he will make a statement on the matter. (Question 16939/16 asked on 21 Jun 2016 - Code of Conduct on Mortgage Arrears)

Minister for Finance (Deputy Michael Noonan): The Code of Conduct on Mortgage Arrears (CCMA) was issued by the Central Bank pursuant to the provisions of Section 117 of the Central Bank Act 1989 and regulated entities are required to comply with the provisions of the Code as a matter of law. The CCMA is therefore issued under statute and, as stated by the Supreme Court, it forms part of the law. The Central Bank has the power to administer sanctions for a contravention of this Code under Part ...

2. Deputy Pearse Doherty asked the Minister for Finance further to the statement in the programme for Government regarding the intention to “work with the Central Bank to amend the code of conduct on mortgage arrears to include an obligation on providers of mortgage credit to provide a range of sustainable arrears solutions, this code of conduct will be put on a statutory basis”, what these sustainable arrears solutions will consist of and when he envisages the obligation for sustainable arrears solutions will be put on a statutory footing. (Question 10760/16 asked on 18 May 2016 - Code of Conduct on Mortgage Arrears)

(Deputy Michael Noonan): The Central Bank’s code of conduct on mortgage arrears, CCMA, provides a strong consumer protection framework to ensure that each borrower who is experiencing genuine difficulty in meeting the repayments on a mortgage secured on a primary home is treated in a timely, transparent and fair manner by lenders. The CCMA recognises that it is in the interests of borrowers and lenders to address financial difficulties as speedily, effectively and sympathetically as circumstanc...

65. Deputy Pearse Doherty asked the Minister for Finance if his view on the legal enforceability of the code of conduct on mortgage arrears has changed following the Supreme Court’s ruling on the issue; and if he will make a statement on the matter. (Question 34870/15 asked on 07 Oct 2015 - Code of Conduct on Mortgage Arrears)

Minister for Finance (Deputy Michael Noonan): I propose to take Questions Nos. 65 to 67, inclusive, together. 
The Code of Conduct on Mortgage Arrears (CCMA) is a statutory code issued under Section 117 of the Central Bank Act, 1989. The CCMA applies to all regulated mortgage lenders operating in the State when dealing with borrowers facing or in mortgage arrears on their primary residence, including any mortgage lending activities outsourced by these lenders. 
Where breaches of any regulator...

66. Deputy Pearse Doherty asked the Minister for Finance his plans to amend or introduce legislation to put the code of conduct on mortgage arrears on a statutory footing; and if he will make a statement on the matter. (Question 34871/15 asked on 07 Oct 2015 - Code of Conduct on Mortgage Arrears)

Minister for Finance (Deputy Michael Noonan): I propose to take Questions Nos. 65 to 67, inclusive, together. 
The Code of Conduct on Mortgage Arrears (CCMA) is a statutory code issued under Section 117 of the Central Bank Act, 1989. The CCMA applies to all regulated mortgage lenders operating in the State when dealing with borrowers facing or in mortgage arrears on their primary residence, including any mortgage lending activities outsourced by these lenders. 
Where breaches of any regulator...

67. Deputy Pearse Doherty asked the Minister for Finance if he will discuss with the Central Bank of Ireland whether changes are required to the code of conduct on mortgage arrears following the recent Supreme Court ruling on the matter of the legal enforceability of the code; and if he will make a statement on the matter. (Question 34872/15 asked on 07 Oct 2015 - Code of Conduct on Mortgage Arrears)

Minister for Finance (Deputy Michael Noonan): I propose to take Questions Nos. 65 to 67, inclusive, together. 
The Code of Conduct on Mortgage Arrears (CCMA) is a statutory code issued under Section 117 of the Central Bank Act, 1989. The CCMA applies to all regulated mortgage lenders operating in the State when dealing with borrowers facing or in mortgage arrears on their primary residence, including any mortgage lending activities outsourced by these lenders. 
Where breaches of any regulator...