North Central Alberta, AB | Answer is Yes they CAN. You have to ask to release the pledge against the equipment, and ensure they do.
If you are coming in and getting loans more than a one and done, it may be smarter to leave the asset pledged, therefore you don't have the registration costs associated with pledging security each time.
If you don't owe any money, doesn't matter if it is pledged or not, they CAN NOT take it as there is NO DEBT. |
Bank question
