Canadian Banking Law.
The law of Banking applies to financial institutions and consumers of debt financing.
Clients are typically:
In Canada, the federal government has the exclusive constitutional power to legislate with respect to banks.
Personal Property Security Acts (PPSA) are registries set up in certain provinces (Ontario, New Brunswick, Nova Scotia, Saskatchewan, British Columbia, Newfoundland, Northwest Territories, Manitoba and Yukon), at which secured creditors register the security interest the have in assets of the company or person they lent money to.
Registration serves as a public notice that the interest exists against the collateral.
PPSA's do not provide for registration of all secured assets. For example, the BC registry does not accept builders or warehousemen liens, judgments, real property mortgages, or motor vehicle ownership.
Manitoba Personal Property Registry
NB Personal Property Registry
NS Personal Property Registry
Northwest Territories PPSA
Ontario Personal Property Registry
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