ESC provides easy online access for registrations in Personal Property Registry systems across Canada.
Becoming a Secured Creditor is easy with ESC
What is PPSA Registration? A PPSA Registration is a registration made by a creditor against a debtor registering a lien on a moveable property. A PPSA Registration serves as notice to all third parties of the security interest held by the lender (secured party) against the borrower (debtor).
The following PPSA Registration types exist:
- Registration (Initial): A PPSA Registration perfects the security interest held by the secured party. The registration will outline the debtor, secured party, length of agreement and further detail surrounding the property secured by way of agreement.
- Amendment: A PPSA amendment is filed to correct an error or omission from the initial registration or to amend the registration in some other form.
- Renewal: A PPSA renewal is filed to extend the existing registration before the registration ceases to be effective.
- Discharge: A PPSA discharge is filed when all obligations under a security agreement have been performed and the creditor no longer holds a security interest against the borrower (debtor).