Housing (Gaeltacht) (Amendment) Act, 2001

Recovery of loans.

11.—(a) The Minister may by regulations—

(i) make provision for the repayment of loans made under section 8 of the Principal Act, and the regulations may specify the time or times at which and the instalments in which such repayment is to be made, and

(ii) with the consent of the Minister for Finance, make provision for the writing off of the whole or part of the amount owing in respect of loans made under section 8 of the Principal Act, if he or she considers that—

(I) the whole or part, as the case may be, of the debt is irrecoverable,

(II) the repayment of the whole or the part, as the case may be, would cause undue hardship to the borrower, or

(iii) with the consent aforesaid write off the whole of the said amount if he or she considers that it is so small that its recovery would be unduly costly.

(b) A regulation under section 8(3) of the Principal Act that is in force immediately before the passing of this Act shall continue in force as if made under this section, and a reference in any such regulation to the Commissioners shall be construed as a reference to the Minister.