The registry keeps records of all personal property registered as security for a loan, or collateral in Manitoba. Both consumers and money lenders can check for indebtedness or liens against personal property before buying it or accepting it as collateral.
Creditors register their financial interest in personal property pledged as collateral.
For example, a bank lending you money to buy a car registers a notice in the registry that it has a lien on the car. This lien ensures payment of the bank's loan. A person wanting to buy a used car in a private sale can check the registry to see if a lien is recorded against the serial number. 1505-405 Broadway Ave. The Personal Property Registry is a central registry for the recording of interests in property other than real property.