PPSA Search Definition
A PPSA Search is a Personal Property Security Act search. A PPSA search is a fast way to search for liens and encumbrances against assets that have serial numbers or identification codes filed under the PPSA. A PPR search , or personal property registry search is a great search tool to use when you want to see if a vehicle or serialized equipment is free and clear of liens and encumbrances. If you need to know whether an asset has any liens and encumbrances registered against it, such as general security interests and mechanics liens, then you should do a PPSA search.
When buying a used car it is wise to obtain a PPR search on the vehicle. PPR searches are done using a vehicle’s VIN. By pulling a PPR you may be able to determine the current owner whom you should be purchasing the vehicle from. Searches will also reveal any active liens and encumbrances against the vehicle. If a Mechanics Lien is present, it is likely the current owner did not pay for work done on the car. The presence of any active lien registrations against a vehicle is a red flag on a PPSA Search.