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Personal Property Registry:
On May 7, 2001, the Personal Property Security Act came
into force in Nunavut. The new Act
substantially changes the way security interests in personal
property are registered in Nunavut. The
Personal Property Registry (PPR) is a centralized computer
registry that allows both individuals and institutions to
record their financial interest in personal property (cars,
boats, equipment, appliances, etc.). If, for example, you
purchase a vehicle and arrange for financing through a bank
or finance company, the vehicle is usually the security for
your loan. The bank or financing company is the secured
party and until you have repaid the loan, they have an
interest in the vehicle. The bank or financing company will
register notice of this security interest in the PPR.
The purpose of registration is to establish the registrant's
priority against other parties who have a secured interest
in the vehicle, and against a purchaser of the car. This
information can be accessed electronically by any individual
or company who may wish to purchase the vehicle or grant
another loan using the vehicle as collateral. Financial
institutions, lawyers and commercial organizations now have
the ability to enter notices of security interests or
conduct searches in an on-line Personal Property Registry
from their office or home computers. Account holders can
access the on-line registry from 7:00 am to 6:00 pm Mountain
Standard Time, Monday through Saturday.
The enactment of the Personal Property Security Act resulted in the repeal of the following Acts: Assignment of Book Debts Act, Bills of Sale Act, Conditional Sales Act, Corporation Securities Registration Act, and Document Registry Act. Several other acts were amended, including the Business Corporations Act, Factors Act, Garage Keepers Lien Act, and the Sale of Goods Act.
The Act provides for the transition from the existing paper-based registry to the new electronic registry.
There are seven types of registrations in the new PPR:
- PPSA Financing Statements
- Children's Law Act or Family Law Act Financing Statements
- Factors Act or Sale of Goods Act Interests
- Garage Keepers Liens
- Federal Writs of Execution
- Maintenance Orders Enforcement Act Orders (only registered by the Administrator under the Maintenance Orders Enforcement Act)
- Territorial Writs of Execution
For more information contact:
Tel: 867-975-6590
Fax: 867-975-6594
Legal Registries Division
Department of Justice
Government of Nunavut
P.O. Box 1000, Station 570
Iqaluit, NU X0A 0H0
General Enquiries
Legal.Registries@gov.nu.ca
Land Title Search Requests
LTOSearches@gov.nu.ca
Land Title Filings and Registrations
LTORegistration@gov.nu.ca
Corporate Search Requests
CorporateSearches@gov.nu.ca
Corporate Filings
CorporateRegistrations@gov.nu.ca
Securities
Securities@gov.nu.ca
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