Canada Notice of Disposition of Collateral

Serve this Canada Notice of Disposition of Collateral on any parties with a security interest in the collateral you are disposing of.

• The Notice of Disposition must be served by a secured party on a defaulting borrower and on any other secured parties with an interest in the collateral.
• The Notice states that the secured party intends to dispose of all or some of the borrower's personal property used as collateral in connection with a loan.
• The proceeds realized from the sale or disposition will be applied to the borrower's outstanding balance.

This Canada Notice of Disposition of Collateral form is available as a downloadable and fully editable MS Word document.