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11/04/2014
Dáil To Debate Land And Conveyancing Reform (Amendment) Bill 2013
The proposed Land and Conveyancing Reform (Amendment) Bill 2013 is to be debated at the Dáil.
If enacted the Bill would substantially enhance legal protections for pressurised mortgage holders and make it harder for the banks to repossess homes.
Sinn Féin's Finance spokesperson Pearse Doherty TD said: "Last July the government had signed into law the Land and Conveyancing Reform Act which removed the legal protection of the Family Home. This move essentially opened the door to more repossession and left already vulnerable families at even further risk.
"Sinn Féin opposed the Bill and warned of its consequences. Our bill would put in place a realistic and solid legal protection from repossession for struggling homeowners who are making a real effort to repay their mortgage.
"This week the Finance Committee heard that the main four banks have issued 30,034 letters, relating to repossessions and voluntary surrenders.
"The Family Home needs extra protection. This Bill is a step in that direction.
"Let us remember that the people of this state paid for the banking bailout that led to the collapse of the economy, the loss of hundreds of thousands of jobs and unprecedented levels of emigration.
"I welcome the strong endorsement from the Irish Mortgage Holders Organisation and New Beginnings for the Bill.
"It is time for the government to start protecting families at risk of homelessness and I urge Fine Gael and Labour to accept this Bill."
(MH/JP)
If enacted the Bill would substantially enhance legal protections for pressurised mortgage holders and make it harder for the banks to repossess homes.
Sinn Féin's Finance spokesperson Pearse Doherty TD said: "Last July the government had signed into law the Land and Conveyancing Reform Act which removed the legal protection of the Family Home. This move essentially opened the door to more repossession and left already vulnerable families at even further risk.
"Sinn Féin opposed the Bill and warned of its consequences. Our bill would put in place a realistic and solid legal protection from repossession for struggling homeowners who are making a real effort to repay their mortgage.
"This week the Finance Committee heard that the main four banks have issued 30,034 letters, relating to repossessions and voluntary surrenders.
"The Family Home needs extra protection. This Bill is a step in that direction.
"Let us remember that the people of this state paid for the banking bailout that led to the collapse of the economy, the loss of hundreds of thousands of jobs and unprecedented levels of emigration.
"I welcome the strong endorsement from the Irish Mortgage Holders Organisation and New Beginnings for the Bill.
"It is time for the government to start protecting families at risk of homelessness and I urge Fine Gael and Labour to accept this Bill."
(MH/JP)
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