This Notice of Application of Sale Proceeds form for Canada is to be served on a debtor following the sale of collateral which was sold to satisfy an outstanding debt.

The lender / secured party prepares and serves the Notice to advise the debtor how much was raised from the sale of the collateral, and how the proceeds will be applied against the debt. The form includes a Certificate of Service.

This Canada Notice of Application of Sale Proceeds form is available as a MS Word file, which is easy to download, fill in and print.