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GRAND TRAVERSE BAND OF OTTAWA AND CHIPPEWA INDIANS Position Description Job Title: Department: Department: Job Class: Reports To: FLEA Status: BG Classification: Salary Start: Prepared Date: Housing
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What is p o s i?
POSI stands for Personal Property Securities Inventory.
Who is required to file p o s i?
Businesses and individuals who are secured parties and have a security interest in personal property are required to file POSI.
How to fill out p o s i?
POSI can be filled out electronically on the Personal Property Securities Register website.
What is the purpose of p o s i?
The purpose of POSI is to provide a record of security interests in personal property.
What information must be reported on p o s i?
Information such as the debtor's name and address, description of the collateral, and the secured party's details must be reported on POSI.
When is the deadline to file p o s i in 2023?
The deadline to file POSI in 2023 is December 31st.
What is the penalty for the late filing of p o s i?
The penalty for late filing of POSI is a fine of $100 per day, up to a maximum of $5,000.
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