The 15-year term for deeds of trust is measured from which date?

The 15-year term for deeds of trust is measured from which date?

• A. FROM DATE OF RECORDING
• B. FROM DATE OF CLOSING
• C. FROM DATE OF FIRST PAYMENT
• D. FROM DATE OF MORTGAGE

Answer: (A)

A deed of trust creates a lien that doesn't start the clock until it is recorded. The 15-year term is measured from the recording date because that is when the security interest is officially filed, public, and enforceable. Recording provides constructive notice to everyone, and it marks the moment the lien begins to run for its term. The closing date is simply when funds are exchanged, not when the lien’s duration starts. The first payment date affects the loan amortization, not the legal term of the lien. The mortgage date isn’t the anchor for the term either; the lien’s duration is tied to the recorded security instrument. So, the start date is the date of recording.

A deed of trust creates a lien that doesn't start the clock until it is recorded. The 15-year term is measured from the recording date because that is when the security interest is officially filed, public, and enforceable. Recording provides constructive notice to everyone, and it marks the moment the lien begins to run for its term. The closing date is simply when funds are exchanged, not when the lien’s duration starts. The first payment date affects the loan amortization, not the legal term of the lien. The mortgage date isn’t the anchor for the term either; the lien’s duration is tied to the recorded security instrument. So, the start date is the date of recording.