Each preconstruction lien on a project property is on equal footing with every other preconstruction lien on the project property, regardless of:
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Terms Used In Utah Code 38-1a-405
Claimant: means a person entitled to claim a preconstruction or construction lien. See Utah Code 38-1a-102
Construction lender: means a person who makes a construction loan. See Utah Code 38-1a-102
Deed: The legal instrument used to transfer title in real property from one person to another.
Lien: A claim against real or personal property in satisfaction of a debt.
Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
Preconstruction lien: means a lien under this chapter for a preconstruction service. See Utah Code 38-1a-102
Project property: means the real property interest on or for which preconstruction service or construction work is or will be provided. See Utah Code 38-1a-102
