Under Iowa law, which type of recording statute determines priority between competing claimants to the same property?

Correct Answer

B) Notice statute — a subsequent bona fide purchaser without notice of a prior conveyance prevails

Iowa follows a notice recording statute. Under Iowa law, a subsequent bona fide purchaser (BFP) who pays valuable consideration and takes without actual or constructive notice of a prior unrecorded conveyance will prevail over the prior grantee, regardless of who records first. This means a subsequent purchaser does not need to record first — they simply must lack notice of the prior interest at the time of their purchase.