Personal Property Security Registration

Personal Property Security Registration is a system that allows lenders to register their legal claims on personal property—such as equipment, vehicles, or inventory—when providing loans. This registration helps establish the lender's rights to the property if the borrower defaults on the loan. It is an important tool for protecting the interests of lenders while providing transparency for potential buyers or other creditors. By checking this registration, individuals and businesses can determine whether an item is already pledged as collateral, helping them make informed decisions in transactions involving personal property.