Personal Property Security Registrations (PPSA)
Centro Legal Works Inc. provides electronic search and registration services across Canada under the Personal Property Securities Act. Register a financing statement, amendment or discharge to maintain security interests in the personal property of a debtor and establish priority over other individuals. Documents can be prepared in minutes with drafts delivered right to your desktop for final approval prior to registration.
Client Registration required. These services are strictly reserved for legal and business professionals only.
Submit a requisition for a new PPSA registration.
The PPSA file reference number and the name of an individual or business debtor is required. The number of years will add on to the original expiry date. The current PPSA must be active in order to renew.
Amend an Ontario PPSA Registration. The PPSA reference file number and a reference debtor name is required.
The PPSA file reference number and the name of an individual or business debtor is required.
A draft registration will be prepared for the Province selected.
About PPSA (Ontario)
The PPSR system 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.
Registering a personal property security interest requires the registration of a security agreement or what we refer to as a ‘financing statement’. This registration perfects the security interest in the creditor giving them priority right to the security interest in the personal property, which is some form of collateral. If the creditor fails to register as required by the act, a purchaser may obtain title to the goods or another creditor may obtain security interest in the goods.
For more specific details on The Ontario PPSA Act – Click here