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.

• Read Section 50 of the Personal Property Security Act