How to Register a New Notice
Registering Notices
To register notices of security interest, you must log in to the website using your client account credentials. Once you log in, you will be on a Client Home page from which you can select the transaction you wish to complete.
The types of initial notices include Notices of Pledge, Notices of Prior Pledge, and Pledge Promises.
Once you have selected the proper type of Notice you wish to register, you will be taken to the data entry screens for registration. The registration screens are quite simple and intuitive to use. The Notice screen has five tabs that you can choose to complete in any order. The general process for registration of a new notice is to open the form which contains tabs, enter the data as required on each tab, press the review button to review the notice, and then press the Submit button to register the notice in the database. See below for further descriptions of each tab.
- General tab: The registration number and registration date are system generated. The user will enter in an expiry date and select a currency of obligation, maximum amount of secured obligation, type of pledge, if the notice for a transaction predated the start-up of the registry, and prior registration date.
- Grantors tab: Enter all the grantor's (or other person that is pledging movable property to stand good for a debt) biographical information. To add a grantor, first click the Add Additional Party button to open the add screen. Then select the type of grantor to be added. YOU ARE RESPONSIBLE FOR PROPERLY IDENTIFYING THE GRANTOR(S) IN THE REGISTRY TO MAKE A LEGALLY EFFECTIVE FILING. The information offered below is a guide to the contents of Section 74 and not as legal advice.
- If a grantor(s) is an individual that is a citizen of Morocco, enter his or her Taxpayer Identification Number (TIN), together with their name, and address.
- If the grantor(s) is an individual that is not a citizen of Morocco, enter their name as it appears on their passport, together with the address.
- If a grantor is a company or other organization that is incorporated or registered with the Company Registrar, enter its registration number issued by the Companies Registrar and its name exactly as they appear on its certificate of incorporation. You will also be asked to provide an address.
Once all information has been entered, click the Update button to save the entry. If there are two or more grantors, you can continue to add grantors by clicking the Add Additional Party button after you have added all information for all grantors.
- Secured Creditor(s) / Surety Officer(s) tab: Enter one or more secured parties. If you have not marked the registering party as the secured party in the first tab, or if there are additional secured parties, click the Add Additional Party button to open the add screen. Enter the secured party's name and address in the indicated fields, then click the Update button to save the entry. If there are more secured parties, you can continue to add them by clicking the Add Secured Party button.
- Collateral tab: Enter a description of the movable, personal property that secures the obligation. The description of the collateral may be general or specific, so long as it informs a person who reads it whether particular property is covered by the security interest. You can enter collateral information, entering a narrative description of any length in the open text box. You may copy and paste from a Word document as well. If you do so, you must carefully review the content to ensure it is reflected accurately, as Word uses special characters that may not appear the same once pasted into the text box.
- Statistical Information tab: Enter various statistics regarding the notice. Statistical information is available for use by the registrar only. Statistics are not displayed on the filing review screen prior to submitting the notice to the registry. Statistics are also not displayed on public or certified searches or on the notice print out.
Once all notice information has been entered, you may press “Review" on the registration to review all notice details. If the notice looks correct upon review, then press the “File in Registry" button to submit the notice. Otherwise, press the “Edit" button to return to the tabbed form and make corrections.
Upon submitting the filing, it is immediately committed to the registry database. No person at the Registrar's office reviews the filing: it is “live" at that point. You will see that the registration confirmation page will be displayed. This page contains all information on the registration and may be printed. It also contains an Access Number associated with the registration number. The Access Number is required to submit change notices for the initial registration. This number is confidential and should not be provided to any other person, including grantors on the registration. The Access Number is always available in the registry in your client account for authorized users, so do not panic if you misplace it.