If a lender has rights in the used car and a search is not done, the car could later be seized if the borrower fails to repay the loan. However, if there is an outstanding loan, the consumer may either decide against completing the sale or require the seller to arrange for payment of the loan as well as registration of a discharge. If the loan has been repaid, the buyer should insist that the seller require the lender to promptly register a discharge before the sale is completed. If so, the search results will enable the consumer to contact the lender to confirm whether or not the loan is still in effect, and to obtain further details. Personal property searchīefore buying a used car or other used goods, consumers should do a personal property search to protect themselves financially.įor example, a search may indicate that the seller or a previous owner has obtained a loan and that the lender may have rights in a used car that a consumer intends to buy. ServiceOntario is not liable for any incorrect results obtained under these conditions. Skipping steps may result in bypassing critical validations or edit functions. Note: Please be advised that while registering or searching within Access Now, you must follow the step-by-step online instruction screens to ensure correct results. Before buying a used car or other used goods, you should do a search on Access Now to protect yourself financially. You can also use Access Now to find out if a lien has been filed in the Personal Property Security Registration ( PPSR) system in Ontario. that has been used as collateral to obtain a loan or.Personal Property Security Registration ( PPSR) system allows you to register a notice of security interest or lien on personal property ( e.g. cars, boats, furniture) that was used as collateral to obtain a loan or that was repaired or stored.Īccess Now allows you to register a notice of security interest (also called a lien) on personal property ( e.g. If you are trying to search for or register this type of information visit Land Registration Information. Access Now does not provide information concerning real property such as real estate, land, realty or immovable property.
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