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2017 Indiana Code
TITLE 32. Property
ARTICLE 28. LIENS ON REAL PROPERTY
CHAPTER 12.5. Commercial Real Estate Broker Liens
32-28-12.5-17. Prior recorded liens, mortgages, and encumbrances; priority
Universal Citation:
IN Code § 32-28-12.5-17 (2017)
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IC 32-28-12.5-17 Prior recorded liens, mortgages, and encumbrances; priority
Sec. 17. 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.
As added by P.L.78-2006, SEC.1.
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