18 (1) A person who is a debtor or judgment creditor or who has an interest in the collateral or who is the authorized representative of such a person, by a notice in writing given to the secured party and containing an address for reply, may require the secured party to furnish to the person any one or more of, (a)  a statement in writing of the amount of the indebtedness and the terms of payment thereof as of the date specified in the notice; (b)  a statement in writing approving or correcting as of the date specified in the notice a statement of the collateral or a part thereof as specified in a list attached to the notice; (c)  a statement in writing approving or correcting as of the date specified in the notice a statement of the amount of the indebtedness and of the terms of payment thereof; (d)  a true copy of the security agreement; or (e)  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.  R.S.O. 1990, c. P.10, s. 18 (1). Exception, indenture trustee (2) Clauses (1) (a), (b) and (c) do not apply where the secured party is the trustee under a trust indenture.  R.S.O. 1990, c. P.10, s. 18 (2). Inspection of security agreement (3) The secured party, on the reasonable request of a person entitled to receive a true copy of the security agreement under clause (1) (d), shall permit the person or the person’s authorized representative to inspect the security agreement or a true copy thereof during normal business hours at the location disclosed under clause (1) (e).  R.S.O. 1990, c. P.10, s. 18 (3). Same, inspection by remote means (3.1) The secured party may, but is not required to, permit a person entitled to receive a true copy of the security agreement under clause (1) (d) or the person’s authorized representative to inspect the security agreement or a true copy of it remotely at any time by means of any technology. 2023, c. 9, Sched. 28, s. 1. Idem (4) If the secured party claims a security interest in all of the collateral or in all of a particular type of collateral owned by the debtor, the secured party may so indicate in lieu of approving or correcting the list of such collateral as required by clause (1) (b).  R.S.O. 1990, c. P.10, s. 18 (4). Time for compliance with notice, liability for failure to answer (5) Subject to the payment of any charge required under subsection (7), the secured party shall answer a notice given under subsection (1) within fifteen days after receiving it, and, if without reasonable excuse, (a)  the secured party does not answer within such fifteen-day period, the secured party is liable for any loss or damage caused thereby to any person who is entitled to receive information under this section; or (b)  the answer is incomplete or incorrect, the secured party is liable for any loss or damage caused thereby to any person who reasonably may be expected to rely on the answer.  R.S.O. 1990, c. P.10, s. 18 (5). Successors in interest (6) Where the person receiving a notice under subsection (1) no longer has a security interest in the collateral, the person shall, within fifteen days after receiving the notice, disclose the name and address of the latest successor in interest known to the person, and, if without reasonable excuse the person fails to do so or the answer is incomplete or incorrect, the person is liable for any loss or damage caused thereby to any person entitled to receive information under this section.  R.S.O. 1990, c. P.10, s. 18 (6). Charges (7) The secured party may require payment in advance of the charge prescribed for each statement or copy of the security agreement required under subsection (1), but the debtor is entitled to a statement without charge once in every six months.  R.S.O. 1990, c. P.10, s. 18 (7). Court order (8) On an application to the Superior Court of Justice, the court, by order, may, (a)  exempt, in whole or in part, the secured party from complying with a notice given under subsection (1), or a request under subsection (3), if the person giving the notice, not being the debtor, does not establish to the satisfaction of the court that the person has an interest in the collateral or that the person is a judgment creditor; (b)  extend the time for complying with the notice given under subsection (1); (c)  require the secured party to comply with a notice given under subsection (1) or a request under subsection (3); or (d)  make such other order as it considers just.  R.S.O. 1990, c. P.10, s. 18 (8); 2000, c. 26, Sched. B, s. 16 (1). Liability (9) An order made under clause (8) (b) or (c) does not affect the liability of the secured party under subsection (5).  R.S.O. 1990, c. P.10, s. 18 (9). Extended time for compliance (10) Despite subsection (9), where the secured party applies to the Superior Court of Justice for an extension of time under clause (8) (b) within fifteen days of receiving a notice under subsection (1) and the court makes an order extending the time for compliance, the secured party shall answer the notice within the time as extended and not within the time as required by subsection (5) and, if without reasonable excuse, (a)  the secured party fails to answer the notice within the time as extended, the secured party is liable for any loss or damage caused thereby to any person entitled to receive information under this section; or (b)  the answer is incomplete or incorrect, the secured party is liable for any loss or damage caused thereby to any person who reasonably may be expected to rely on the answer.  R.S.O. 1990, c. P.10, s. 18 (10); 2000, c. 26, Sched. B, s. 16 (1). Regulations (11) The Minister responsible for the administration of this Act may make regulations governing inspections of security agreements. 2023, c. 9, Sched. 28, s. 1. Section Amendments with date in force (d/m/y) 2000, c. 26, Sched. B, s. 16 (1) - 06/12/2000 2023, c. 9, Sched. 28, s. 1 - 01/10/2023 PART III   PERFECTION AND PRIORITIES