Security Instruments in Utah
From WFG Wiki
Trustees
The Utah Code allows a title insurance agent to act as a Trustee as long as it can satisfy the three following criteria:
- holds a certificate of authority or license under Title 31A, Insurance Code, to conduct insurance business in the state;
- is actually doing business in the state; and
- maintains a bona fide office in the state;
In the event of a foreclosure (or at any time) the trustee’s role can be assigned to a substitute trustee by the lender/beneficiary.
