Kentucky Statutes 382.285 – Purchase money deed of trust or mortgage granted by the purchaser — Priority over prior lien
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A purchase money deed of trust or mortgage granted by a purchaser shall have priority over a prior lien under KRS § 426.720 against the purchaser.
Effective: July 14, 2022
History: Created 2022 Ky. Acts ch. 167, sec. 3, effective July 14, 2022.
Effective: July 14, 2022
Terms Used In Kentucky Statutes 382.285
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Lien: A claim against real or personal property in satisfaction of a debt.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
History: Created 2022 Ky. Acts ch. 167, sec. 3, effective July 14, 2022.