Ppsa search and the importance of property title search

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PPSA stands for Personal Property Security Act which is provincial legislation governing body that governs the various prerequisites or priorities for purchase or sale of properties that are immovable and where the creditor bears a security interest. The security interest granted over a property in order to secure the payment by debtor and the performance of obligation is termed as a lien. PPSA search suggests whether the property of an individual, corporation or any business name identification number is really encumbered to the interest of creditors or not. PPSA registration is mandatory as it allows the creditors to register or modify or renew and discharge the interests on respective personal property. There are many

firms that provide property title search services and PPSA registration services. Such services encompass title search along with registration under the PPSA.


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