Credit Guarantee Act 2012
Number 26 of 2012
CREDIT GUARANTEE ACT 2012
REVISED
Updated to 1 January 2022
This Revised Act is an administrative consolidation of Credit Guarantee Act 2012. It is prepared by the Law Reform Commission in accordance with its function under Law Reform Commission Act 1975 (3/1975) to keep the law under review and to undertake revision and consolidation of statute law.
All Acts up to and including the Maritime Area Planning Act 2021 (50/2021), enacted 23 December 2021, and all statutory instruments up to and including the Credit Guarantee Act 2012 (Extension of Guarantee Date) Order 2021 (S.I. No. 751 of 2021), made 21 December 2021, were considered in the preparation of this Revised Act.
Disclaimer: While every care has been taken in the preparation of this Revised Act, the Law Reform Commission can assume no responsibility for and give no guarantees, undertakings or warranties concerning the accuracy, completeness or up to date nature of the information provided and does not accept any liability whatsoever arising from any errors or omissions. Please notify any errors, omissions and comments by email to
revisedacts@lawreform.ie.
Number 26 of 2012
CREDIT GUARANTEE ACT 2012
REVISED
Updated to 1 January 2022
Introduction
This Revised Act presents the text of the Act as it has been amended since enactment, and preserves the format in which it was passed.
Related legislation
Credit Guarantee Acts 2012 to 2020: this Act is one of a group of Acts included in this collective citation, to be construed together as one (Credit Guarantee (Amendment) Act 2016 (1/2016), s. 1(3), Credit Guarantee (Amendment) Act 2020 (5/2020), s. 7(2)). The Acts in this group are:
• Credit Guarantee Act 2012 (26/2012)
• Credit Guarantee (Amendment) Act 2016 (1/2016), parts 1 to 3
• Credit Guarantee (Amendment) Act 2020 (5/2020)
Annotations
This Revised Act is annotated and includes textual and non-textual amendments, statutory instruments made pursuant to the Act and previous affecting provisions.
An explanation of how to read annotations is available at
www.lawreform.ie/annotations.
Material not updated in this revision
Where other legislation is amended by this Act, those amendments may have been superseded by other amendments in other legislation, or the amended legislation may have been repealed or revoked. This information is not represented in this revision but will be reflected in a revision of the amended legislation if one is available.
Where legislation or a fragment of legislation is referred to in annotations, changes to this legislation or fragment may not be reflected in this revision but will be reflected in a revision of the legislation referred to if one is available.
A list of legislative changes to any Act, and to statutory instruments from 1972, may be found linked from the page of the Act or statutory instrument at
www.irishstatutebook.ie.
Acts which affect or previously affected this revision
• Credit Guarantee (Amendment) Act 2020 (5/2020)
• Credit Guarantee (Amendment) Act 2016 (1/2016)
All Acts up to and including Maritime Area Planning Act 2021 (50/2021), enacted 23 December 2021, were considered in the preparation of this revision.
Statutory instruments which affect or previously affected this revision
• Credit Guarantee Act 2012 (Extension of Guarantee Date) Order 2021 (S.I. No. 751 of 2021)
• Credit Guarantee (Amendment) Act 2020 (Extension of Guarantee Date) Order 2021 (S.I. No. 200 of 2021)
• Credit Guarantee (Amendment) Act 2020 (Extension of Guarantee Date) Order 2020 (S.I. No. 633 of 2020)
• Covid-19 Credit Guarantee Scheme 2020 (S.I. No. 325 of 2020)
• Credit Guarantee Scheme 2017 (S.I. No. 70 of 2017)
• Credit Guarantee Scheme 2015 (S.I. No. 48 of 2015)
• Credit Guarantee Act 2012 (Commencement) Order 2012 (S.I. No. 382 of 2012)
• Credit Guarantee Scheme 2012 (S.I. No. 360 of 2012)
All statutory instruments up to and including Credit Guarantee Act 2012 (Extension of Guarantee Date) Order 2021 (S.I. No. 751 of 2021), made 21 December 2021, were considered in the preparation of this revision.
Number 26 of 2012
CREDIT GUARANTEE ACT 2012
REVISED
Updated to 1 January 2022
ARRANGEMENT OF SECTIONS
Section
4. Power of Minister to give guarantees.
4A. Power of Minister to give guarantees in accordance with Covid-19 credit guarantee scheme.
6. Laying of scheme before both Houses of Oireachtas.
7. Agreement for performance of functions under credit guarantee scheme.
8. Payment of charge to Minister by participating borrower.
9. Withdrawal of guarantee by Minister.
Acts Referred to
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1971, No. 24 |
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1993, No. 25 |
Number 26 of 2012
CREDIT GUARANTEE ACT 2012
REVISED
Updated to 1 January 2022
AN ACT TO ENABLE THE MINISTER FOR JOBS, ENTERPRISE AND INNOVATION TO GIVE GUARANTEES TO LENDERS OF A CERTAIN CLASS IN RESPECT OF LOANS MADE BY SUCH LENDERS TO ENTERPRISES OF A CERTAIN CLASS; FOR THAT PURPOSE TO PROVIDE FOR THE MAKING OF A SCHEME OR SCHEMES BY THAT MINISTER OF THE GOVERNMENT IN RELATION TO THE GIVING OF SUCH GUARANTEES; AND TO PROVIDE FOR MATTERS CONNECTED THEREWITH.
[18th July, 2012]
BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS: