division_name: Consumer Rights Bill &#8212; <i>Report</i>
motion: <p class="italic" pid="a.455.2/1" pwmotiontext="unrecognized">Amendment 1</p>
  
  <p class="italic" pid="a.455.2/2" pwmotiontext="unrecognized"> Moved by Lord Stevenson of Balmacara</p>
  
  <p pid="a.455.2/3" pwmotiontext="unrecognized"><b>1:</b> After Clause 3, insert the following new Clause&#8212;</p>
  
  <p pid="a.455.2/4" pwmotiontext="unrecognized">&#8220;Consumer credit: bill of sale</p>
  
  <p pid="a.455.2/5" pwmotiontext="lines">(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.</p>
  
  <p pid="a.455.2/6" pwmotiontext="lines">(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.</p>
  
  <p pid="a.455.2/7" pwmotiontext="lines">(3) If goods are recovered by the creditor in contravention of subsection (2)&#8212;</p>
  
  <p pid="a.455.2/8" pwmotiontext="lines">(a) the bill of sale will be treated as invalidly made; and</p>
  
  <p pid="a.455.2/9" pwmotiontext="lines">(b) the debtor shall be released from any outstanding liability under the regulated agreement.</p>
  
  <p pid="a.455.2/10" pwmotiontext="lines">(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.&#8221;</p>