A Bill to make provision regarding the rights of secured debtors; to reform the rights of certain creditors to enforce their security; to make other provision regarding secured lending; and for connected purposes.
The Bill would curtail the role of receivers with a view to encouraging banks to work with their customers to find solutions when repayment difficulties arise. It would remove the power of sale from receivers and would limit their role to receiving income from assets. The Bill would also prevent banks from gaining a possession order until all counter-claims and disputes lodged by a borrower have been resolved by the courts.
House of Commons
1 May 2012
The Secured Lending Reform Bill aims to change how secured lending is handled when borrowers struggle to repay. It would cut back the powers of receivers by removing their right to sell assets and limiting them to collecting income from those assets, and it would stop banks from obtaining possession orders until any borrower counter-claims and disputes are resolved by the courts.
The Bill is currently at the Second Reading in the House of Commons and has not yet progressed to committee stage or to the Lords.
Generated 21 February 2026
No recorded votes for this bill yet.
