People in BC can now register their personal property online with the launch of a new, modernized personal property registry. The modernized registry will feature enhanced security and privacy, with a more secure method of identity verification.
People, government, financial institutions and other lending organizations rely on the registry for searching and registering liens on any personal property, such as cars, boats and recreational vehicles.
Registering an interest in personal property is important to protect people and organizations from loss or legal conflict, the province says. “It can also help ensure personal property does not have any liens registered against it before a private sale. The registry also identifies security interests to support financing opportunities.”
These changes are part of a larger modernization that includes a new payment and identity verification system, a new online service for businesses wanting to register their business name, and a new application programming interface service for users.
It will also include a new legal entity called “benefit companies,” which includes for-profit corporations or social organizations that promote public benefits for communities and the environment.