A mortgage dated and signed on February 28, 2008, registered March 3, 2008 would be the first mortgage over another dated and signed January 19, 2008, registered March 6, 2008.

Question

Quizplus · Accepted Answer

In most jurisdictions, the priority of mortgages is determined by the date of registration, not the date of signing. Therefore, the mortgage registered on March 3, 2008, would have priority over the one registered on March 6, 2008.

A Mortgage Dated and Signed on February 28, 2008, Registered