Question 1

What does the No Consent, No Sale Bill 2019 do?

Accepted Answer

Requires lenders to obtain written borrower consent before selling residential mortgages to third parties, making the Central Bank's voluntary code mandatory in law. Mandates lenders disclose specific information to borrowers and confirm the transferee will maintain identical arrears and interest rate policies, or obtain explicit separate consent. Exempts transfers only in extreme cases where the lender faces serious business difficulties meeting Central Bank standards for failing institutions.

Question 2

What stage is the No Consent, No Sale Bill 2019 at?

Accepted Answer

As of 14 Nov 2024, the No Consent, No Sale Bill 2019 is at Second Stage in 32nd Dáil. Once a bill passes every stage in both Houses of the Oireachtas and is signed by the President, it becomes law.

Question 3

Who introduced the No Consent, No Sale Bill 2019?

Accepted Answer

The No Consent, No Sale Bill 2019 was sponsored by Pearse Doherty, and was introduced on 24 Jan 2019.

No Consent, No Sale Bill 2019

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Stage timeline What do these stages mean?

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