The latest agreement between the Troika and the Government requires Irish authorities to remove a legal impediment which has stopped banks repossessing properties.
However, Ministers will not introduce the measure until borrowers homes are protected with the enactment of new personal insolvency legislation.
There has been a gap in legislation arising from a court judgment which has slowed the number of repossessions to a trickle.
Last year the High Court found banks cannot apply for a repossession if the mortgage was created before 2009 but demand for repayment was later than 2009.
The judgment exposed a loophole which will now have to be fixed, under the agreement with the Troika.
While an owner occupier's home will be protected under the new insolvency legislation, the change is likely to affect buy-to-let properties.
Almost one in three of these mortgages are now in arrears.
The Central Bank wants the banks to speed up their management of the problem.
The document also says that the Government will take steps to deal with the health spending overruns and keep health expenditure below €13.6bn next year.
It says the Commission for Energy Regulation will have responsibility for overseeing the price setting powers of Irish Water.
The Government will also have to set out its methodology for the next round of stress tests for Irish banks.
The agreement with the Troika also says the Irish Government will conduct a study to compare the cost of drugs, prescription practices and the usage of generics in Ireland comparable with EU jurisdictions.
