A mortgage on land gives the mortgagee security in the land in priority over other secured interests registered under provincial PPSA legislation.

Question

Quizplus · Accepted Answer

A mortgage on land typically provides security interest in the real property itself and is governed by real property law, not by provincial Personal Property Security Act (PPSA) legislation, which governs security interests in personal property.

A Mortgage on Land Gives the Mortgagee Security in the Land