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Newfoundland and Labrador
Regulation 2004


NEWFOUNDLAND AND LABRADOR REGULATION 27/04

NEWFOUNDLAND AND LABRADOR
REGULATION 27/04

Personal Property Security Regulations (Amendment)
under the
Personal Property Security Act
(O.C. 2004-159)

(Filed March 30, 2004)

Under the authority of section 72 of the Personal Property Security Act, the Lieutenant-Governor in Council makes the following regulations.

Dated at St. John’s, March 23, 2004.

Robert C. Thompson
Clerk of the Executive Council

REGULATIONS

Analysis


        1.   S.4 Amdt.
Identification codes

        2.   S.25 Amdt.
Description of Serial Numbered Goods


NLR 103/99

        1. Subsections 4(1) and (2) of the Personal Property Security Regulations are repealed and the following substituted:

Identification codes

        4. (1) The registrar may assign a client number, a user ID and a password to a person who wishes to have access to the registry to effect a registration where

             (a)  the person makes arrangements satisfactory to the registrar for the payment of the fees set under this regulation; and

             (b)  the person provides proof satisfactory to the registrar of the identity of the person.

             (2)  A person shall not have access to the registry to effect a registration unless the person has been assigned a client number, a user ID and a password by the registrar under subsection (1).

 

        2. Subsection 25(1) of the regulations is repealed and the following substituted:

Description of Serial Numbered Goods

      25. (1) Where collateral is to be described by serial number, the registrant, under the heading Serial Numbered Collateral Information,

             (a)  shall indicate after the heading "Serial Collateral Type", the type of serial numbered goods to which the registration relates;

             (b)  shall enter after the heading "Serial Number", the last 25 characters of the serial number or all the characters if the serial number contains less than 25 characters;

             (c)  may verify the serial number entered by entering it a second time; and

             (d)  may describe the collateral by make, manufacturer, model, model year or other particulars.