Section 48
Verification statement
ActIn forceProvision 43 of 87
Section 48
(1)
A verification statement shall, as soon as reasonably practicable after a financing statement has been registered, be given to the person who submitted the financing statement for registration.
(2)
A copy of the verification statement shall be given to the debtor by the secured party who registered a financing statement, or on whose behalf a financing statement has been registered, within 15 working days after the verification statement is received, unless the debtor has waived in writing the right to receive it.