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Reforming bills of sale—what might the Goods Mortgages Bill look like?

Reforming bills of sale—what might the Goods Mortgages Bill look like?
Published on: 20 July 2017
Published by: LexisPSL
  • Reforming bills of sale—what might the Goods Mortgages Bill look like?
  • Original news
  • Why was reform needed, what is the objective of the new law?
  • What is the target timescale?
  • What types of financing transactions will fall within the scope of the new law?
  • How will the process for taking security under the new law differ from existing law?
  • What sanctions will lenders who fail to follow it face?
  • How will the process for enforcing security under the new law differ from existing law?
  • What is the expected impact of the borrower protections upon the lending market?

Article summary

Banking & Finance analysis: Daria Popescu, lawyer at the Law Commission, considers the draft proposals made by the Law Commission for the Goods Mortgages Bill to modernise bills of sale. or take a trial to read the full analysis.

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