Consumer Rights Bill — New Clause 23 — Ownership of Goods With A Charge Against Them Due to A Bill of Sale Agreement — 13 May 2014 at 16:45
George Osborne MP, Tatton did not vote.
The majority of MPs voted against a proposal that if someone purchases something they become its owner even if it has a debt secured on it as a result of a bill of sale agreement so long as they buyer was unaware of the loan.
MPs were considering the Consumer Rights Bill. The text of the proposed new clause rejected in this vote was:
- ‘(1) Where a person is a purchaser of goods subject to a bill of sale, made in connection with a regulated agreement under the Consumer Credit Act 1974, in good faith and without notice of the bill of sale, title to those goods shall pass to that person.
- (2) A creditor is not entitled to enforce a bill of sale made in connection with a regulated agreement by recovering possession of the goods except through an order of the court.
- (3) If goods are recovered by the creditor in contravention to subsection :(2)—
- (a) the bill of sale will be treated as invalidly made; and
- (b) the debtor shall be released from any outstanding liability under the regulated agreement.
- (4) If the creditor has disposed of goods taken in contravention of subsection (2) the debtor shall be compensated to the value of those goods
Votes by party, red entries are votes against the majority for that party.
What are Boths? An MP can vote both aye and no in the same division. The boths page explains this.
What is Turnout? This is measured against the total membership of the party at the time of the vote.
|Party||Majority (No)||Minority (Aye)||Both||Turnout|
|Con||249 (+2 tell)||0||0||82.6%|
|Lab||0||209 (+2 tell)||0||81.8%|