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Document Id : 1035
File Type : Microsoft Word
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Canada Motor Vehicle Security Agreement
Obtain a security interest in a borrower's vehicle with this Motor Vehicle Security Agreement for Canadian lenders.
- The borrower (debtor) grants the lender (secured party) a security interest in the borrower's motor vehicle, to induce the lender to give credit to the borrower.
- The borrower will carry fire, theft, collision and comprehensive insurance on the vehicle, and pay all taxes, liens and charges against the vehicle.
- The borrower is not allowed to sell or encumber title to the vehicle as long as the Agreement is in effect.
- This template can be used in any province or territory of Canada except Quebec.
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