End the PPSR registrations once a facility is repaid
Key facts
- Human involvement
- GreenLawyer review
- How AI is used
- From the payout confirmation, the security documents and a PPSR search against each grantor, list every registration the lender holds that relates to the repaid facility, flag those that must be ended within the statutory period (such as serial-numbered or household collateral) and those still securing another facility, and prepare the discharge instructions and the grantor notice from the verification statements.
- What the lawyer must review
- The lawyer confirms the security interest has actually ended for each registration, that no registration also secures a continuing facility, and that each discharge is made in time and the grantor notified.
- Written for / version
- US
Open a jurisdiction version of this task to see which instruments apply: US
Who does what
| Role | What they do |
|---|---|
| Assistance | From the payout confirmation, the security documents and a PPSR search against each grantor, list every registration the lender holds that relates to the repaid facility, flag those that must be ended within the statutory period (such as serial-numbered or household collateral) and those still securing another facility, and prepare the discharge instructions and the grantor notice from the verification statements. |
| Lawyer | The lawyer confirms the security interest has actually ended for each registration, that no registration also secures a continuing facility, and that each discharge is made in time and the grantor notified. |
Checklist
- Search each grantor by its exact identifier and check every registration returned, not only those in the security schedule.
- Confirm no registration also secures a continuing facility or guarantee.
- Diarise the 5 business day limit for serial-numbered and household collateral from the payout date.
Sources
- PPSR — End a registration · 2026-10-18
- PPSR — Timing rules: when you need to take action · 2026-10-18
These are suggested working checks. Confirm the required checking with the responsible lawyer before work starts; the checking approach does not establish permission to use AI.