Secured Party Search Request - Instructions

The Secured Party Search Request is a function where the Secured Party can search the SPPR system by its name for all active registrations it has in the SPPR system. The Secured Party will then receive a Secured Party Report containing the following information items:
  • Total Number of Active Registrations
  • First Debtor listed on the Registration (Name & Address)
  • Registration Type (i.e. Security Agreement, Commercial Lien, Judgment/writs, and pre-PPSA)

The Secured Party can also opt to receive the following information: 
  • Optional Selection: All RIN’s (Registration Identification Numbers) – Enables the Secured Party to view all the RIN’s on active registrations. Situational Example: View all RIN’s option may be used  when a Secured Party is not the registrant on the registration. In other words, the Secured Party has hired a third party agency to perform the registrations, and now, for whatever reason, the Secured Party would like access to the Registration.
  • Optional Selection: Expiry Dates – Enables the Secured Party to view the expiry dates on all active registrations. This information may be used for future planning of activities within the Secured party’s business and may also aid in forecasting costs. Situational Example: If the Secured Party knows that 30 registrations are due to expire this year, and the business need is to renew 15 for one year, they can build this cost into their budget. 
  • Optional Selection: Authorization to move forward with a Global Change –With the appropriate authorization, active registrations will automatically update the name and/or address of a Secured Party. By keeping the Secured Party’s information up-to-date, the Secured Party can enhance the registrations security.

Global Change Process

Customers that have numerous registrations in the registry can request a global change (bulk update) to name, address and email.  Secured/creditor parties should keep current addresses in the registry as customers utilize this address to serve compulsory discharge demands.

Secured/creditor parties can request an automated process to amend all active registrations to reflect a new or updated name and/or address and/or email.  Having current information reflected in the registry provides customers with the appropriate party to contact regarding liens, and provides secured/creditor with automatic notifications when registrations are discharged.

On existing registrations, ISC is adjusting the way we provide Global Change services.  No longer does it have to be prohibitive to change your name and/or address and now you can add email to receive quicker delivery of Discharge Verifications.  Contact ISC to learn more about your options

Example: Hypothetically an individual might inadvertently discharge a registration if a RIN number was not assigned to the registration. The discharge notification is automatically sent to the Secured Party. If the Secured Party’s mailing address is incorrect the Secured Party will not receive the notification of the lien discharge and in turn lose the opportunity to contact the individual about the discharge error.

Fees

View the ISC Fee schedules.