Review and save your Verification Statement

A verification statement is a system-generated report available to the registrant after completing a PPRS registration.  A link to the verification statement is provided in the confirmation page following successful registration. The verification statement is also stored in the document respository where it is available via Retrieve Reports.

We strongly recommend that you to review and save your verification statements.

1.  The verification statement is your documented confirmation that your registration was successfully completed.  Screen images and Draft Registration Details reports are not adequate evidence of a registration having been performed.

2.  The verification statement provides the registration number assigned when the registration was recorded in the Registry. This is a required identification number if you ever need to change the registration.

3.  The verification statement presents the data that was registered. If you entered anything incorrectly, or in the rare instance of a system error affecting the data that you entered, then the verification statement is your opportunity to catch the error and to make a correction.

4.  The Personal Property Security Act (PPSA) mandates that the secured party provide a copy of the verification statement to each debtor named in the registration (unless the debtor has waived the right to receive a verification statement).  For example, see New Brunswick PPSA subsection 43(11).