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
The Goods Mortgages Bill would repeal the old Bills of Sale Acts from 1878 and 1882 and replace them with a new, non-possessory way for people to offer security over goods they own without handing them over. It creates a framework for lenders to secure loans against a borrower's goods while the borrower retains possession, along with other related provisions. The bill is currently at the second reading in the House of Lords.
The bill is at the second reading in the House of Lords. If it passes this stage, it will move through further stages such as committee, report and, potentially, Royal Assent.
Generated 21 February 2026
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.
