Skip to main content

Secured Lending Reform Bill

Private Members' Bill (Ballot Bill)

Originated in the House of Commons, Session 2010-12

Last updated: 1 May 2012 at 15:08

See full passage

Long title

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.


George Eustice
Camborne and Redruth

Current version of the Bill

Bill passage

Bill started in the House of Commons
1st reading
Committee stage
Report stage
3rd reading
Bill in the House of Lords
1st reading
2nd reading
Committee stage
Report stage
3rd reading
Final stages
Consideration of amendments
Royal Assent
In progress
Not applicable
Not yet reached