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Version status: In force | Document consolidation status: Updated to reflect all known changes
Published date: 22 March 2016

European Union (Consumer Mortgage Credit Agreements) Regulations 2016 [S.I. No. 142 of 2016]

Comparing proposed amendment...
Introductory Text
Part 1 Preliminary (regs. 1-6)
In force
Regulation 1 Citation
In force
Regulation 2 Commencement
In force
Regulation 3 Interpretation
In force
Regulation 4 "Mortgage credit intermediary" - definition
In force
Regulation 5 Application of these Regulations
In force
Regulation 6 Competent authority
Part 2 Financial education (reg. 7)
In force
Regulation 7 Financial education of consumers
Part 3 Conditions applicable to creditors and mortgage credit intermediaries (regs. 8-10)
In force
Regulation 8 Conduct of business obligations when providing credit to consumers
In force
Regulation 9 Obligation to provide information free of charge to consumers
In force
Regulation 10 Knowledge and competence requirements for staff
Part 4 Information and practices preliminary to the conclusion of the credit agreement (regs. 11-17)
In force
Regulation 11 General provisions applicable to advertising and marketing and provision concerning Consumer Credit Act 1995's application
In force
Regulation 12 Standard information to be included in advertising
In force
Regulation 13 Tying and bundling practices
In force
Regulation 14 General information
In force
Regulation 15 Pre-contractual information
In force
Regulation 16 Information requirements concerning mortgage credit intermediaries
In force
Regulation 17 Adequate explanations
Part 5 Annual percentage rate of charge (reg. 18)
In force
Regulation 18 Calculation of the annual percentage rate of charge (APRC)
Part 6 Creditworthiness assessment (regs. 19-21)
In force
Regulation 19 Obligation to assess the creditworthiness of consumer
In force
Regulation 20 Property valuation
In force
Regulation 21 Disclosure and verification of consumer information
Part 7 Database access (reg. 22)
In force
Regulation 22 Database access
Part 8 Advisory services (reg. 23)
In force
Regulation 23 Standards for advisory services
Part 9 Foreign currency loans and variable rate loans (regs. 24-25)
In force
Regulation 24 Foreign currency loans
In force
Regulation 25 Variable rate credits
Part 10 Sound execution of credit agreements and related rights (regs. 26-29A)
In force
Regulation 26 Early repayment
In force
Regulation 27 Flexible and reliable markets
In force
Regulation 28 Information concerning changes in the borrowing rate
In force
Regulation 28A Information regarding modification of terms and conditions of credit agreement
In force
Regulation 29 Arrears and proceedings for possession
In force
Regulation 29A Assignment of the creditor's rights or of the credit agreement itself
Part 11 Requirements for establishment and supervision of mortgage credit intermediaries (regs. 30-35)
In force
Regulation 30 Authorisation of mortgage credit intermediaries
In force
Regulation 31 Supplemental provisions in relation to Regulation 30 (duration of authorisation, amendment of it, grounds for refusing its grant, etc.)
In force
Regulation 32 Credit intermediaries tied to only one creditor
In force
Regulation 33 Freedom of establishment and freedom to provide services by mortgage credit intermediaries
In force
Regulation 34 Revocation of authorisation and provisions concerning appeals against such revocations or refusals to grant authorisations or decisions to amend them
In force
Regulation 35 Supervision of mortgage credit intermediaries
Part 12 Admission and supervision of non-credit institutions (reg. 36)
In force
Regulation 36 Admission and supervision of non-credit institutions
Part  13 Cooperation between competent authorities of different member states (regs. 37-38)
In force
Regulation 37 Obligation to cooperate
In force
Regulation 38 Settlement of disagreements between competent authorities of different Member States
Part 14 Miscellaneous (regs. 39-42)
In force
Regulation 39 Penalties and sanctions
In force
Regulation 40 Dispute resolution mechanisms
In force
Regulation 41 Anti-avoidance
In force
Regulation 42 Transitional provisions
Part 15 Amendments of other enactments (regs. 43-45)
In force
Regulation 43 Amendment of European Communities (Consumer Credit Agreements) Regulations 2010
In force
Regulation 44 Amendment of Consumer Credit Act 1995
In force
Regulation 45 Amendment of Central Bank Act 1942
In force
Schedule 1 Minimum knowledge and competence requirements
Schedule 2 European Standardised Information Sheet (ESIS)
In force
Schedule 2, Part A
In force
Schedule 2, Part B Instructions to complete the ESIS
In force
Schedule 3 Calculation of the Annual Percentage Rate of Charge (APRC)
Given under
Explanatory Note