IE
(LRC Revised)
Statutory Text (1 Articles)
Number 26 of 2012
CREDIT GUARANTEE ACT 2012
REVISED
Updated to 8 December 2022
Changes to legislation
as of 10 July 2026, this Act is up to date with all changes known to be in force.
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
Air Navigation and Transport
Act 2022
(40/2022), enacted 7 December 2022, and all statutory instruments up to
and including the
Ukraine Credit Guarantee Scheme 2022
(S.I. No. 641 of 2022),
made 8 December 2022, 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 8 December
2022
ARRANGEMENT OF SECTIONS
Section
1. Interpretation.
2. Participating lender.
3. Qualifying enterprise.
4. Power of Minister to give guarantees.
4A. Power of Minister to give guarantees in accordance with Covid-19 credit guarantee
scheme.
4B.
Power of Minister to give guarantees in accordance with Ukraine credit guarantee scheme.
5. 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.
10. Review of credit guarantee scheme.
11. Expenses.
12. Short title and commencement.
Acts Referred to
Central Bank Act 1971
1971, No. 24
European Communities (Amendment) Act 1993
1993, No. 25
Number
26
of
2012
CREDIT GUARANTEE ACT 2012
REVISED
Updated to 8 December
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.
[18
th July
, 2012]
BE IT ENACTED BY THE OIREACHTAS
AS FOLLOWS
ARRANGEMENT OF SECTIONS
Section
1. Interpretation.
2. Participating lender.
3. Qualifying enterprise.
4. Power of Minister to give guarantees.
4A. Power of Minister to give guarantees in accordance with Covid-19 credit guarantee
scheme.
4B.
Power of Minister to give guarantees in accordance with Ukraine credit guarantee scheme.
5. 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.
10. Review of credit guarantee scheme.
11. Expenses.
12. Short title and commencement.
Number
26
of
2012