Secured Party Numbers are records stored within each jurisdiction's PPR that can be used instead of entering a secured party's name and address information. Read more about Secured Party Numbers here.
Every Secured Party Number has a designated Secured Party Number Administrator. The Secured Party Administrator has four key responsibilities:
1. Create Secured Party Numbers as required.
2. Update the Secured Party Number information (e.g. name, address, telephone, and email) when applicable.
3. Receive Notice to Secured Party Reports for registrations that have been amended, discharged, or re-registered. Reports are received through either Retrieve Reports or, if an email address has been provided, by email.
4. Review those Notice to Secured Party Reports or forward them to other parties in order to verify that the the registration change is valid (for example, to confirm that the registration was not changed by accident or fraudulently).
Initially, the Secured Party Number Admnistrator is the user who created the Secured Party Number; however, the Secured Party Number Administrator can be changed.
To reassign a Secured Party Number from one user to a different user, use the form named PPR Request to Amend Secured Party Administrator User ID / SP Number. This form can also be used to activate or deactivate a Secured Party Number.