Central Bank issues new Code of Conduct on Mortgage Arrears, December 2010
23.12.2010
This update covers details of the changes introduced by the revised Code of Conduct on Mortgage Arrears (the “Mortgage Code”) issued by the Central Bank of Ireland (the “Central Bank”) on 6 December 2010. The Mortgage Code has been revised in light of the recommendations of the Government’s Expert Group on Mortgage Arrears and Personal Debt1 and concerns over the increase in mortgage arrears cases since the original Code of Conduct on Mortgage Arrears was introduced in February 2009. The Mortgage Code replaces the previous Code of Conduct on Mortgage Arrears issued by the Central Bank on 19 February 2010.
