What information is contained in a confirmation statement?

A confirmation statement must contain the following information:

  • The debtor’s name, identification number, type, and address
  • The debtor’s gender and a birthdate or if an entity, the gender of the owner
  • The secured creditor’s name, identification number, and type, and address,
  • A general description of the collateral
  • The period of time the registration is effective
  • The maximum amount of the security interest may be enforced for

How much does it cost to register a financing statement?

The statutory registration fee for a financing statement is K100.