Registrar's Discharge of a Lien
Under the Personal Property Security Act, Section 50, you may apply to BC Registries and Online Services for a lien to be discharged for one of the following reasons:
- If all of the obligations under the security agreement have been performed
- If the secured party has agreed to release all or part of the collateral
- If the description of the collateral on the financing statement describes collateral that is not included in the security agreement
- If no security agreement exists between the secured party and the debtor
Call us for instructions on the application process for a Registrar's discharge.
