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Personal Property |
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One Stop Licence Shop has provided registration definition as a general guideline only, for registration purposes. When completing a registration, the legislation requirements that govern each registration must be followed. For complex registrations it is advisable to consult a lawyer proper to registration to determine requirements and priorities. One Stop Licence Shop can assist you with the following registration types:
Most interests are registered by completing a financing statement and submitting it to One Stop Licence Shop. Some interests can only registered by specific representatives as they are for distinct purposes. One Stop Licence Shop can provide more information about these interests. Some interests must be registered within specific time frames to satisfy time limits in the Personal Property Security Act and other legislation. You should allow adequate lead-time for processing if there are any legislative time limits for registration. One Stop Licence Shop will examine the financing statement. If the information is complete and acceptable for entry, One Stop Licence Shop will update the Personal Property Information System (PERPIS), at which time a registration number will be generated by the system. It is very important that you make sure that the information on any forms submitted to us is accurate. A registration may be invalidated or its effect impaired by an error or omission that is considered to be seriously misleading. Seriously misleading information could mean that the registration would not be disclosed in a search result. Particular attention should be made in completing the description of debtor names and serial numbers. A secured party has obligations to ensure there are sufficient grounds for registration and that the registration is made in good faith. A failure to comply with this obligation could lead to a claim by any person suffering damages as a result of such registration. When your interest is registered on PERPIS, One Stop Licence Shop will provide you with a verification statement confirming the registration information as it was recorded on PERPIS. Check your verification statement carefully to make sure all information has been recorded accurately, if errors are detected, ask One Stop Licence Shop to have the error amended immediately. The verification statement can be used to renew or discharge your registration. You make changes or corrections to registrations on the Personal Property Information System (PERPIS) by using a financing change statement or with a verification statement for renewal or discharge only, and submitting it to One Stop Licence Shop or corrections are only effective from the date that the amendment is registered on PERPIS. The changes that can be made to a registration are:
Debtor, secured party and collateral information may be changed if the registration is current on PERPIS. The following registrations can only be registered by Civil Enforcement Agents. For more information on these interests, contact your local Civil Enforcement Agency.
** One Stop Licence Shop has provided this page for your general information only. Policies may change without notice. |
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| Want more information? Check out or Frequently Asked Questions, email, or contact us by phone. The "one stop" for people on the go |
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