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Secured Lending Reform Bill 2010-12

Type of Bill:
Private Members' Bill (Ballot Bill)
Sponsor:
George Eustice

Progress of the Bill

Bill started in the House of Commons

  1. House of Commons
    1. 1st reading
    2. 2nd reading
    3. Committee stage
    4. Report stage
    5. 3rd reading
  2. House of Lords
    1. 1st reading
    2. 2nd reading
    3. Committee stage
    4. Report stage
    5. 3rd reading
  3. Consideration of Amendments
  4. Royal Assent

Latest Bill

House Bill Date
Commons Bill 23 2010-11 | PDF version, 82KB 20.10.2010

Latest news on the Secured Lending Reform Bill 2010-12

The Bill failed to complete its passage through Parliament before the end of the session. This means the Bill will make no further progress.

Summary of the Secured Lending Reform Bill 2010-12

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. 

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Related information

Guide to the passage of a Bill

Find out what happens at each stage of a Public Bill’s journey through Parliament with the Passage of a Bill guide.

When does a Bill become law?

Explanation of what happens after Bills have been passed, and when laws may change.