Description

The Personal Property Security Registry is a notice filing system that records and reproduces information concerning consumer and business loans where goods and other personal property are used as collateral to secure loans. For example, a person borrows money from the bank to purchase a new vehicle. The borrower (debtor) and the bank (creditor/secured party) enter into an agreement giving the bank rights to the vehicle if the loan is not re-payed. Searches can be conducted against Individuals, Business Names or Serial/Vehicle Identification Numbers.