UK Parliament · Public Bill · No. 2321
Goods Mortgages Bill [HL]
[As Introduced]
A
BILL
to
This bill creates a new legal system called 'goods mortgages' that allows businesses and individuals to use their movable property (like machinery, vehicles, or equipment) as security when borrowing money from banks or lenders. It's similar to how people currently use houses as security for mortgages, but instead applies to goods that can be moved around.
Presented by Lord Stevenson of Balmacara.
PrivateLords1st reading
Official Ballot · Open Govt
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The people's count45 votes
67% Aye · 3033% No · 15
MPs' voteNot yet divided
MPs have not voted on this bill yet.
Bill passage
Lords
- 1st reading29 Nov 2018
- 2nd reading
