Lien Priority of Future Advances: State Law Comparison Tool Report

Summary

This practice note includes a report generated by the Practical Guidance State Law Comparison Tool showing a survey of state law rules governing lien priority of future advances that a lender is obligated or permitted to make under the terms of a security instrument used to secure real estate financing. To secure loans (including future advances) by real estate, lenders use mortgages, deeds of trust, or deeds to secure such debt depending upon state law. Some states permit more than one of these instruments to be used for real estate financing in the state.