A Bill to repeal the Bills of Sale Acts 1878 and 1882; 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
5 May 2021
May contain errors — check source documents for definitive information.
The Goods Mortgages Bill would repeal the old Bills of Sale Acts from the 1870s and 1880s and introduce a modern, non-possessory way for individuals to give security over their goods when borrowing. It creates a framework for lenders to secure loans against items without taking possession, and includes related legal provisions. The bill is currently at the Lords’ second reading stage.
The bill is progressing through the Lords and is at the second reading stage after its first reading in February 2020.
Generated 21 February 2026
5 Feb 2020
First reading took place on 5 February. 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 2019-2021 session of Parliament has prorogued and this Bill will make no further progress.
No recorded votes for this bill yet.
