A Bill to make provision for a new form of non-possessory security which may be created over goods owned by individuals; to repeal the Bills of Sales Acts 1878 and 1882; and for connected purposes
House of Lords
10 September 2019
The Goods Mortgages Bill would introduce a new, non-possessory way for individuals to use goods they own as security for a loan without giving up possession. It would repeal the historic Bills of Sale Acts from 1878 and 1882 and replace them with a modern framework for securing loans against personal property. The bill is currently at the second reading in the Lords.
Currently at the second reading in the Lords; if it advances, it will proceed through remaining Lords stages and then move to the House of Commons for consideration.
Generated 21 February 2026
First reading took place on 29 November. This stage is a formality that signals the start of the Bill's journey through the Lords.
The 2017-2019 session of Parliament has prorogued and this Bill will make no further progress.
No recorded votes for this bill yet.
