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Bank Act Certificate (Section 427)

$20 + HST, plus $14.78 Disbursement*

A 'Bank Act Search' will reveal if a borrower (company or individual) has entered into an agreement that provides the bank the first preferential lien on goods or equipment.  If such an agreement exists the Bank would register a ‘Notice of Intention' with the Bank of Canada and the details would be provided in the search certificate.  The search is available across Canada and is conducted by Province/Territory.

Canadian Banks have the right to lend money to wholesalers, retailers, shippers and dealers in "products of agriculture, products of aquaculture, products of the forest, products of the quarry and mine, products of the sea, lakes, and rivers, of goods, wares and merchandise, manufactured or otherwise" on the security of such goods or products, and to lend money to manufacturers on their goods and inventories. 

*Does not apply to Northwest Territories, Nunavut and the Yukon.  See below.


Provincial Bank Act Certificate Centro Fee  Disbursements Total Price Processing Time*
Northwest Territories Certificate $20.00 $51.05 $73.65 24-72 hours
Nunavut Certificate $20.00 $11.00 $33.60 24-48 hours
Yukon Certificate $20.00 $11.50 $34.10 24-48 hours
*Bank Act Certificates in these Provinces/Territories are not available electroncially and are ordered manually through the relevant court.