Content of Financing Statement
3. (1) A financing statement shall set out in the appropriate place according to the information being entered, (a) a “P” to indicate that a registration is being made under the Act; (b) the number of years for the registration period; (c) the information required under section 16 and, if the person is a natural person, the date of birth of the person; (d) the address of the debtor; (e) the name and address of the secured party; (f) the classification of the collateral as consumer goods, inventory, equipment, accounts or that the classification is other than consumer goods, inventory, equipment or accounts or any combination thereof; (g) if a motor vehicle is included in the collateral, an indication that it is included; (h) if a motor vehicle schedule is attached, an indication that it is attached; (i) if all the collateral is classified as consumer goods, the principal amount; (j) if all the collateral is classified as consumer goods, the maturity date or, if there is no fixed date of maturity, an indication that there is no fixed maturity date; and (k) the authorized signature of the secured party. R.R.O. 1990, Reg. 912, s. 3 (1). (2) If there is more than one secured party, the name, address and authorized signature of at least one secured party shall be set out in the appropriate place on the financing statement. R.R.O. 1990, Reg. 912, s. 3 (2). (3) If a security interest is assigned, the name, address and authorized signature of the assignor may be set out instead of the name, address and authorized signature of the secured party. R.R.O. 1990, Reg. 912, s. 3 (3). (4) The registration period of a financing statement shall be a whole number and if the collateral, (a) includes consumer goods, the period shall be for one year up to five years, as the case requires; or (b) does not include consumer goods, the period shall be for one year up to twenty-five years or for a perpetual period, as the case requires. R.R.O. 1990, Reg. 912, s. 3 (4). (5) A financing statement may set out in the appropriate place according to the information being entered, (a) the name and address of the registering agent, if any; and (b) the Ontario corporation number, if the debtor is a corporation incorporated in Ontario. R.R.O. 1990, Reg. 912, s. 3 (5). (6) If a registration period of a financing statement is a perpetual period, the period shall be designated on the financing statement by the number “99”. R.R.O. 1990, Reg. 912, s. 3 (6). (7) If the collateral includes a motor vehicle and the motor vehicle is classified as consumer goods, the motor vehicle shall be described on line 11 or 12 on the financing statement or in the appropriate place on a motor vehicle schedule. R.R.O. 1990, Reg. 912, s. 3 (7). (8) If the collateral includes a motor vehicle and the motor vehicle is not classified as consumer goods, the motor vehicle may be described on line 11 or 12 on the financing statement or in the appropriate place on a motor vehicle schedule. R.R.O. 1990, Reg. 912, s. 3 (8). (9) The description of the motor vehicle on line 11 or 12 or on a motor vehicle schedule shall include the vehicle identification number, the four digits of the model year, if any, the model, if any, and the make or the name of the manufacturer. O. Reg. 637/98, s. 1. (10) If lines 11 and 12 are completed, additional motor vehicles may be described in the appropriate place on a motor vehicle schedule. R.R.O. 1990, Reg. 912, s. 3 (10). (11) Collateral other than a motor vehicle that is consumer goods may be described on line 13, 14 or 15 of the financing statement. R.R.O. 1990, Reg. 912, s. 3 (11). (12) The description of a motor vehicle on line 13, 14 or 15 of a financing statement shall not include the vehicle identification number. R.R.O. 1990, Reg. 912, s. 3 (12). (13) If the collateral includes goods other than inventory that are used or acquired for use for more than one purpose, the financing statement shall set out the classification of the goods in accordance with clause (1) (f) based on their primary use and may set out an additional classification based on any secondary use. R.R.O. 1990, Reg. 912, s. 3 (13). Collateral Brought into Ontario