Recording statutes give potential lenders or purchasers of real property the ability to determine whether there are any existing liens on the property.

Question

Quizplus · Accepted Answer

Recording statutes require that certain documents related to real property transactions (such as mortgages, deeds, and liens) be recorded with the appropriate government office. This allows interested parties to search the public record and determine whether there are any existing liens or claims against the property.

Recording Statutes Give Potential Lenders or Purchasers of Real Property