CPA · Prompt Payment and Construction Lien Act
Part 2 — Creation of Lien
12 Advancing of money
(a) a search is made of a certificate of title,
(b) at the time of the search th ere is not any statement of lien
endorsed on that certificate of title, and
(c) on the day that search is made, in reliance on that search,
(i) mortgage money is advanced under a mortgage
registered against that certificate of title, or
(ii) money is paid under a c ontract or subcontract for
work done or materials furnished in respect of the
land for which the certificate of title was issued,
that money is deemed to have been advanced before the
registration of any statement of lien not disclosed by that search
notwithstanding that a statement of lien was registered against that
certificate of title on the day that the search was made.
1985 c14 s6