RSLA · Video
As a PPSA Lienholder, Do I Outrank a Repairer’s Possessory Lien?
Michelle Haigh 39 seconds
About this video
How does a repairer’s possessory lien affect a PPSA lienholder’s recovery options? This video discusses lien priority under the RSLA and approaches lenders may consider when seeking release of a vehicle, including negotiation, posting security, and a section 24 application.
Precision Paralegal Services helps lenders address disputed charges and develop a strategy for recovering their collateral.
Read video transcript
So, as a PPSA lienholder, you may wonder if you outrank a repairer’s lien. And generally, the answer is no. A valid repairer’s lien under the RSLA usually outranks PPSA liens. Lenders typically need to negotiate, post security, or bring a section 24 application to reduce payout and achieve the release of the vehicle. And at Precision Paralegal Services, we developed a fast strategy. We negotiate, post that security, and launch the section 24 application to minimize payout and release the collateral.
This video provides general information, not legal advice. Available remedies depend on the circumstances.
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