Interest Rates

Dáil Éireann Debate, Thursday - 18 January 2018

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Thursday, 18 January 2018

Questions (51)

Michael McGrath

Question:

51. Deputy Michael McGrath asked the Minister for Finance the position regarding the application of interest on a judgment secured by a financial institution against a person or their home; the basis for the rate that is charged; if discretion is involved in the application of the interest; and if he will make a statement on the matter. [2437/18]

Written answers

Minister for Finance

The level of interest payable on judgment debts is a matter for the Minister for Justice and Equality.  The current rate is specified in Statutory Instrument 624 of 2016 which has been forwarded to the Deputy for his convenience.

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