AQW 3846/17-22 Written question to the Minister for the Economy
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.
Asked by Claire Sugden MLA on 19 March 2020
- Answered
- Written
- After due date
- Tabled
- 19 March 2020
- Answer due by
- 3 April 2020
- Answered
- 1 February 2021319 days after tabling
- Department
- Department for the Economy
- Priority question
- No
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.