Finance
Indiana's first mortgage lien position is typically established by:
AThe date the purchase contract was signed
BThe date the mortgage is recorded at the county recorder's office (first recorded = first priority)✓ Correct
CThe date the promissory note was signed
DThe date of the title search
Explanation
Lien priority in Indiana is generally established by recording date — the first mortgage recorded has priority over subsequently recorded liens. This is the 'first in time, first in right' principle.
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