PPSA Search Integration

Automate Lien Searches and Registrations with PPSA Integration

Questions answered:​

1. What is the PPSA?

2. What is the Role of a the PPSA Integration in Lending?

3. How Covaleyo Integrates PPSA Search and Registration

4. What Are the Benefits of the PPSA Search Integration with Covaleyo?

5. Timeline for Implementation

Speed up secured loan approvals and protect your collateral position with Covaleyo’s PPSA Search Integration. Designed for credit unions and financial institutions, this integration enables real-time lien searches, filings, and discharges directly within your Loan Origination System (LOS), helping you reduce risk, improve accuracy, and maintain regulatory compliance.

What is the PPSA?

The Personal Property Security Act (PPSA) is a Canadian legal framework that governs the registration and enforcement of security interests in personal property. It allows lenders to place and enforce liens on movable assets—such as vehicles, equipment, or inventory—when issuing secured loans.

Each province maintains its own PPSA registry, and the framework ensures that a lender’s legal interest in an asset is recorded and protected in the event of borrower default, insolvency, or repossession.

Key PPSA Activities in Lending:

  • PPSA Search: Performed before loan approval to check for existing liens on proposed collateral.
  • PPSA Registration: Completed post-funding to establish the lender’s legal claim.
  • PPSA Discharge: Filed once a loan is repaid or collateral is released.

The Role of PPSA Search in Loan Origination

PPSA searches and filings are crucial for:

  • Auto loans
  • Equipment financing
  • Commercial loans

These processes ensure that your institution secures its interest in the pledged asset, thereby reducing risk exposure. Manual handling of these steps is time-consuming and error-prone. By integrating PPSA functions into your LOS, you gain speed, efficiency, and better control over the collateral process.

How Covaleyo Integrates PPSA Search and Registration

Covaleyo’s LOS platform allows lenders to complete PPSA actions directly within ProLender:

  1. System Integration: Provincial PPSA search and registration tools are embedded into the LOS.
  2. Real-Time Lien Search: Lenders can instantly check for existing claims on personal property.
  3. Automated Filing: Register new liens electronically after funding.
  4. Lien Management: Discharge or amend existing filings from within the loan file.

This integration eliminates the need to log into external provincial registry systems, saving time and reducing the risk of administrative errors.

Benefits of PPSA Integration with Covaleyo

Covaleyo’s PPSA integration offers key advantages for secured lending:

  • Faster Underwriting Decisions: Instant lien search results support real-time credit decisions.
  • Improved Accuracy: Reduce manual data entry and transcription errors.
  • Streamlined Operations: Complete search, registration, and discharge without leaving the LOS.
  • Better Risk Management: Confirm lien status and secure asset claims quickly.
  • Regulatory Compliance: Maintain proper records and filing timelines.
  • Enhanced Borrower Experience: Accelerate funding for asset-based loans.

Implementation Timeline

Covaleyo’s PPSA integration is implemented in just one week, including full User Acceptance Testing (UAT).

Ready to secure your assets and streamline lending operations?

Contact Covaleyo to activate your PPSA integration and enhance your secured lending process.

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Experience the Benefits of Covaleyo's Integrated LOS

A Loan Origination System (LOS) needs to enable Credit Unions to streamline their lending processes as well as ensure they can add additional functionality without a significant impact to operations. An integrated LOS has numerous benefits including reduced errors, efficiency gains, and additional channel options.

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Ask us anything

A PPSA search checks for existing liens on personal property that a borrower is offering as loan collateral.

It protects the lender’s legal interest in the asset by establishing lien priority in case of borrower default.

Covaleyo’s system supports PPSA interactions for all Canadian provinces and territories.

Real-time access to lien information reduces wait times and helps underwriters make faster, more confident decisions.

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