Escrow & Title
In Hawaii, what is the significance of the 'date of recordation' in a title search?
AA. It determines when property taxes begin
BB. It establishes lien priority—most liens are prioritized by the date they are recorded✓ Correct
CC. It confirms when the buyer took physical possession
DD. It is not significant; only the contract date matters
Explanation
Recording date is crucial for lien priority. Under the 'race-notice' recording system, a later recorded lien takes priority over an earlier unrecorded one if the later party had no notice of the prior claim.
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