What does the Personal Property Security Act (PPSA) primarily address?

The Personal Property Security Act (PPSA) focuses primarily on the registration of interests in personal property, making it easier for individuals and businesses to secure loans using personal property as collateral. This legislation establishes a framework for the creation, perfection, and enforcement of security interests in personal property and ensures that creditors can establish their priority over other claims.

Personal property under the PPSA typically includes movable assets such as equipment, vehicles, inventory, and even intangible assets like accounts receivable. By allowing for registration, the PPSA aims to provide transparency and protection for both debtors and creditors in the financing landscape.

Other choices are not relevant because they address areas outside the scope of the PPSA. Real estate transactions fall under different regulations, corporate financial disclosures pertain to securities law, and environmental protection laws deal with ecological matters. Thus, the focus of the PPSA is indeed on the registration of ownership interests in personal property, highlighting the importance of this act within the realm of secured transactions.