A Bill to repeal the Bills of Sale Acts 1878 and 1882 and to make provision for a new form of non-possessory security that may be created over goods owned by individuals; and for connected purposes
House of Lords
8 November 2019
May contain errors — check source documents for definitive information.
The bill repeals the old Bills of Sale Acts from 1878 and 1882 and creates a new, non-possessory way for individuals to give security over goods they own to support borrowing. It sets out how this security would work and what protections apply. It is currently at the 2nd reading in the House of Lords, with work having begun in 2019.
The bill is at the 2nd reading stage in the House of Lords. It began in 2019 and has not yet progressed beyond that stage in the Lords according to the provided information.
Generated 21 February 2026
21 Oct 2019
First reading took place on 21 October. This stage is a formality that signals the start of the Bill's journey through the Lords.
Second reading - the general debate on all aspects of the Bill - is yet to be scheduled.
The 2017-19 Parliament dissolved at the end of the 2019 Session and this Bill will make no further progress.
No recorded votes for this bill yet.
