A PMSI in fixtures recorded before attachment will have priority over a mortgage with an after-acquired property clause.

Question

Quizplus · Accepted Answer

A Purchase Money Security Interest (PMSI) in fixtures, when properly recorded before the fixtures are attached to the property, will generally have priority over a previously recorded mortgage that includes an after-acquired property clause, due to the specific priority rules favoring PMSIs in the Uniform Commercial Code (UCC).

A PMSI in Fixtures Recorded Before Attachment Will Have Priority