PPSA Financing Statements


The PPSA affects a wide range of persons and transactions including sales on credit, leases of goods, equipment and livestock for a term of more than one year, and secured loans. The credit provider needs to be aware of the PPSA and of the need to register financing statements, and how financing statements work. Ignorant credit providers and credit providers seeking to cut corners have paid the price for non compliance with the PPSA.

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