New regulation authorizes the Yukon sheriff’s office to provide repossession services to creditors

Today, the Government of Yukon brought into force a new regulation under the Financial Administration Act to authorize the Yukon sheriff’s office to provide repossession services to creditors under the Personal Property Security Act. It also establishes a fee structure that ensures the costs of repossession services are covered by creditors who benefit from the service.

Last summer, the Yukon sheriff’s office paused private repossession and recovery services because of liability concerns. This new regulation addresses these liability concerns and sets out parameters for service provision. It also establishes a modern fee structure for the sheriffs to act as private bailiffs, making such services part of their official duties and indemnifying the sheriffs.

With this regulation in place, the Yukon sheriff’s office will resume its repossession and recovery services as private bailiffs.