PPSA.net is a compilation of every Personal Property Security Act in Canada. It is a website designed and maintained by Registry = Recovery Inc., a Canadian company that offers easy access to all Personal Property Security Registries in Canada, through its website www.RegistriesOnline.com Registry = Recovery Inc is a proud member of the Ontario Association of Professional Searchers of Records (OAPSOR), the National Public Records Research Association (NPRRA), and The Professional Paralegal Association of Ontario (PPAO).
What is a Personal Property Security Registry (PPSR)?
How does the PPSR work?
Lenders and borrowers enter into what are called "security agreements." The lender registers a "financing statement” or notice of the agreement in the PPSR. The information includes the name, address and date of birth of the debtor, the collateral pledged whether it is general collateral such as inventory, or serial collateral such as a car, the lender’s address and the term of the agreement, and is available for searching by potential lenders and buyers.
Who Controls a PPSR?
All Provinces and Territories in Canada maintain their own PPSR database. There is no National PPSR; such as in the United States, where they can file Federal Uniform Commercial Code (UCC) notices. Consequently, a record search or any interface with a PPSR database is Province or Territory specific.
How do I become a PPSA.net client?
PPSA.net is available to anyone who wishes to view the Personal Property Security Acts throughout Canada. Registry=Recovery Inc. provides its clients with point and click web access to PPSR databases across Canada through its website www.RegistriesOnline.com. For information on how to become a client, please click on the “Open Account” link at the bottom of our web page.