Second StageStage in the legislative process — click for what it meansCurrentThe bill’s status — click for what it means33rd DáilThe House currently handling the bill70/2022Official bill number / year
Central Bank (Variable Rate Mortgages) Bill 2022
- Sponsor
- Ged Nash · Labour Party
- Introduced
- 28 Jun 2022
- Last updated
- 2 May 2025
What this bill doesAI · claude-haiku-4-5-20251001
- Central Bank must assess mortgage market competition quarterly, examining interest rates, borrower switching ease, lenders' costs, and profit margins to identify market failures.
- Where rates unjustifiably exceed costs, Central Bank can direct lenders to cap variable rates by specific amount, margin, or market average; breaches enforced via High Court with doubled-profit fines.
- Lenders prohibited from charging existing and new borrowers different rates for same loan category; breaches trigger court compensation orders and doubled-profit fines.
Stage timelineWhat do these stages mean?
- First Stage33rd Dáil28 Jun 2022
- Second Stage33rd Dáil1 May 2025
Debates
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