Dearbhail McDonald: Now, more than ever, we need clear answers on mortgage arrears mess
The banks call all the shots when homeowners default. As the 2008 banking crisis drove many families over a financial cliff, the banks moved to evict the most errant debtors.
Before December 1, 2009, banks relied on a 1964 law giving lenders the right to obtain an order for repossession once a borrower defaulted, usually by issuing a formal demand for repayment.
The Government repealed section 62 (7) of the Registration of Title Act in 2009 when it introduced the Land and Conveyancing Reform Act. But the new law had a controversial element.