Consultation item

Proposal to ban the use of Bills of Sale for consumer lending (BIS) (extent=E/W) - TSI response - March 2010

TSI response (PDF 192KB). TSI calls for a suite of measures: (1) repeal of the Bills of Sale Acts, (2) repeal of the Hire Purchase Act 1964, and (3) recording of car finance agreements as a 'licence condition' under the Consumer Credit Act 1974. The response includes an extended introduction tracing the history behind the current use of Bills of Sale for consumer lending.