PPSA Registration Process

"In order to perfect a security interest by registration under this Act, a financing statement shall be registered. R.S.O. 1990, c. P.10, s. 45 (1).

1. Subject to paragraph 5, for the registration of a financing statement or a financing change statement designated as a renewal, if the registration period of the statement is 25 years or less: $$8.00 per year.
2. Subject to paragraph 5, for the registration of a financing statement or a financing change statement designated as a renewal, if the registration period of the statement is for a perpetual period: $500.00.
3. Subject to paragraph 5, for the registration of a financing change statement designated as a discharge: No charge.
4. Subject to paragraph 5, for the registration of a financing change statement other than a financing change statement described in paragraph 1, 2 or 3: $12.00.
5. For the registration of a financing statement or a financing change statement in addition to the fee payable under paragraph 1, 2, 3 or 4, if the registration is not in an electronic format: $5.00. O. Reg. 345/97

Except where the collateral or its proceeds is inventory or its proceeds, a purchase-money security interest in collateral or its proceeds has priority over any other security interest in the same collateral given by the same debtor if the purchase-money security interest,
(a) in the case of collateral, other than an intangible, was perfected before or within 15 days after,
(i) the debtor obtained possession of the collateral as a debtor, or
(ii) a third party, at the request of the debtor, obtained or held possession of the collateral, whichever is earlier; or
(b) in the case of an intangible, was perfected before or within 15 days after the attachment of the purchase-money security interest in the intangible. R.S.O. 1990, c. P.10, s. 33 (2); 2010, c. 16, Sched. 5, s. 4 (2). "