Credit Review Act 2026

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Number 1 of 2026


CREDIT REVIEW ACT 2026


CONTENTS

PART 1

Preliminary and General

Section

1. Short title and commencement

2. Interpretation

3. Prescribed minimum and maximum amounts

4. Regulations

5. Service of notices and other documents

6. Repeal and revocations

7. Expenses

PART 2

An tSeirbhís um Athbhreithniú Creidmheasa

8. Establishment day

9. Establishment of Service

10. Functions of Service

11. Credit Reviewer

12. Functions of Credit Reviewer

13. Ineligibility for appointment, disqualification and removal from office

14. Membership of either House of Oireachtas, European Parliament or local authority

15. Staff of Service

16. Superannuation

17. Consultants and advisers

18. Accounts and audit

19. Appearance of Credit Reviewer before Committee of Public Accounts

20. Accountability of Credit Reviewer to other Oireachtas committees

21. Reports to Minister

22. Strategy statement

23. Liability of Service and Credit Reviewer

24. Prohibition on unauthorised disclosure of confidential information

PART 3

Review of Credit Decisions and Lending Practices

25. Definition (Part 3)

26. Review of credit decisions

27. Declining to conduct a review

28. Prescribed fee

29. Credit Review levy

30. Review of lending practices, activities and policies of relevant persons

PART 4

Transitional Provisions

31. Definition (Part 4)

32. Transitional provisions consequent upon conferral of functions on Service

33. Transfer of rights and liabilities

34. Records

35. Preservation of contracts

36. Liability for loss occurring before establishment day

PART 5

Consequential Amendments to Other Enactments

37. Amendment of Schedule 13 to Taxes Consolidation Act 1997

38. Amendment of Financial Services and Pensions Ombudsman Act 2017

39. Other consequential amendments


Acts Referred to

Central Bank Act 1942 (No. 22)

Civil Service Regulation Act 1956 (No. 46)

Companies Act 2014 (No. 38)

Comptroller and Auditor General (Amendment) Act 1993 (No. 8)

Comptroller and Auditor General Acts 1866 to 1998

Credit Union Act 1997 (No. 15)

Ethics in Public Office Act 1995 (No. 22)

European Parliament Elections Act 1997 (No. 2)

Financial Services and Pensions Ombudsman Act 2017 (No. 22)

Local Government Act 2001 (No. 37)

National Asset Management Agency Act 2009 (No. 34)

Protected Disclosures Act 2014 (No. 14)

Public Service Management (Recruitment and Appointments) Act 2004 (No. 33)

Public Service Pensions (Single Scheme and Other Provisions) Act 2012 (No. 37)

Taxes Consolidation Act 1997 (No. 39)

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Number 1 of 2026


CREDIT REVIEW ACT 2026


An Act to provide for the establishment of a body to be known as An tSeirbhís um Athbhreithniú Creidmheasa and to provide for its functions; to provide for the review by that body of certain credit decisions; to provide for the appointment of a chief executive officer of that body to be known as the Credit Reviewer; to provide for the repeal of section 210 of the National Asset Management Agency Act 2009 and the revocation of guidelines issued under that section; for those purposes to provide for consequential amendments of other enactments; and to provide for related matters.

[3rd February, 2026]

Be it enacted by the Oireachtas as follows: