Ontario Business Registry Update: Company Key Requirements
In an upcoming change to the Ontario Business Registry (OBR) filing process effective Feb. 1, 2025, all entities registered or incorporated in the OBR will be required to use a Company Key to conduct transactions. This is particularly impactful to entities that were incorporated before Oct. 19, 2021, which have not previously needed a Company […]
Ontario PPSR Search Guide for Real Estate Lawyers in respect of Consumer Goods affixed to Real Property
With the introduction of The Homeowner Protection Act (“HPA”), that came into effect on June 6, 2024, amendments were made to the Ontario Personal Property Security Act (“PPSA”) imposing restrictions on new Notice of Security Interest (“NOSI”) registrations. NOSI registrations can no longer be made in the Ontario Land Registry in respect of consumer goods […]
Ontario PPSA Registration Guide for Lenders in respect of Consumer Goods affixed to Real Property
With the The Homeowner Protection Act (“HPA”) coming into force on June 6, 2024, the practice of registering Notice of Security Interests (“NOSIs”) against consumer goods in the Ontario Land Registry has been restricted in respect of consumer goods for personal use. As a result, lenders must resort to other means of securitization for these […]