AQW 3846/17-22

Ms Claire Sugden
Independent
East Londonderry

Tabled Date: 19/03/2020
Answered On Date: 01/02/2021
Priority Written: No

Question:
To ask the Minister for the Economy to outline her discussions with banks and other creditors regarding their actions to recover loans, including mortgages, as a response to COVID-19.

Answer:

I can confirm that I have met with banks, but not specifically about their actions to recover loans, including mortgages, as a response to the pandemic.

However, Northern Ireland has replicated legislation made by England & Wales in the Corporate Insolvency and Governance Act 2020 to give companies and mutual societies in Northern Ireland temporary protection against being wound up as a consequence of financial difficulties where these are due to the effects of the coronavirus.