O. Reg. 56/07: GENERAL

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Personal Property Security Act

ONTARIO REGULATION 56/07

GENERAL

Consolidation Period: From August 1, 2007 to the e-Laws currency date.

No amendments.

This is the English version of a bilingual regulation.

Definition of “motor vehicle”

1. For the purposes of the Act,

“motor vehicle” means an automobile, motorcycle, motorized snow vehicle and any other vehicle that is self-propelled but does not include,

(a) a street car or other vehicle running only upon rails,

(b) a farm tractor,

(c) an implement of husbandry,

(d) a machine acquired for use or used as a road-building machine, or

(e) a craft intended primarily for use in the air or in or upon the water. O. Reg. 56/07, s. 1.

Charges under s. 18 (7) of the Act

2. The charge for a statement or copy referred to in subsection 18 (7) of the Act shall not exceed,

(a) for a statement in writing of the amount of the indebtedness and the terms of payment thereof, $10;

(b) for a statement in writing approving or correcting a statement of the collateral or a part thereof as specified in a list attached to the notice, $5;

(c) for a statement in writing approving or correcting a statement of the amount of the indebtedness and of the terms of payment thereof, $5;

(d) for a true copy of the security agreement, 50 cents per page;

(e) for sufficient information as to the location of the security agreement or a true copy thereof so as to enable inspection of the security agreement or copy, no charge. O. Reg. 56/07, s. 2.

3. Omitted (revokes other Regulations). O. Reg. 56/07, s. 3.

4. Omitted (provides for coming into force of provisions of this Regulation). O. Reg. 56/07, s. 4.

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