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

Indiana Statutes

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

Indiana § 32-28-12.5-17

Title 32PROPERTY

Art. 28LIENS ON REAL PROPERTY

Ch. 12.5Commercial Real Estate Broker Liens

This text of Indiana § 32-28-12.5-17 (Prior recorded liens, mortgages, and encumbrances; priority) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 32-28-12.5-17 (2026).

Text

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.

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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.