New York Lien Law Section 13

Section 13 priority of liens.

New york lien law section 13. The laws of new york. Article 4 liens on vessels and enforcement thereof. Further trust of funds received or receivable by owner under executory contract for the sale and improvement of.

Priority of liens. Article 3 enforcement of liens on real property. 1 a lien for materials furnished or labor performed in the improvement of real property shall have priority ove.

Over advances made upon any mortgage or other encumbrance thereon after such filing except as hereinafter in. 1 a lien for materials furnished or labor performed in the improvement of real property shall have priority over a conveyance mortgage judgment or other claim against such property not recorded docketed or filed at the time of the filing of the notice of such lien except as hereinafter in this chapter provided. Purpose of the trust.

The lien of a vendee under an executory contract for the sale of land and the improvement thereof by the construction of a building thereon shall to the extent of amounts paid thereunder to the vendor before the filing of a notice of lien have priority over liens filed after the contract or memorandum thereof is recorded as provided in section two hundred ninety four of the real property law if the recorded contract or memorandum specifies the total amount of payments made by the vendee or. The laws of new york. Pursuant to section 13 of the lien law of the state of new york borrower shall receive the advances if any secured hereby and shall hold the right to receive such advances if any as a trust fund and shall apply such advances first to the payment of the cost of any such improvement on the real estate before using any part of the total of the same for.

New york lien law. Assignments of contracts and orders to be filed. 1 a lien for materials furnished or labor performed in the improvement of real property shall have priority ove.

Section 13 of the new york lien law. Ny lien l 13 2015 13. 2016 laws of new york.