Ind. Code § 32-28-12.5-17

Current through P.L. 171-2024

Section 32-28-12.5-17 - Prior recorded liens, mortgages, and encumbrances; priority

Valid recorded liens, mortgages, and other encumbrances that are recorded before a principal broker's notice of lien under this chapter have priority over a principal broker's lien under this chapter. Prior recorded liens, mortgages, and encumbrances that have priority under this section include:

(1) a valid mechanic's lien that is recorded after a principal broker's notice of lien under this chapter, but that relates back to a date before the recording date of the principal broker's notice of lien; and

(2) prior recorded liens securing revolving credit and future advances of construction loans.

IC 32-28-12.5-17

As added by P.L. 78-2006, SEC.1.