Trustees in Oregon

Permissible Deed of Trust Trustees • Only the following parties are eligible to act as a trustee under a trust deed encumbering Oregon real property (ORS 86.713(1)(b)):

(A) An attorney who is an active member of the Oregon State Bar or a law practice that includes an attorney who is an active member of the Oregon State Bar;

(B) A financial institution or trust company, as defined in ORS 706.008, that is authorized to do business under the laws of Oregon or the United States;

(C) A title insurance company or a subsidiary, affiliate, insurance producer or branch of the title insurance company that is authorized to insure title to real property in Oregon;

(D) The United States or any agency of the United States; or

(E) An escrow agent that is licensed under ORS 696.505 to 696.590.

• If the trustee is an entity described in (B) or (C) above, the entity must either (1) be registered with or obtain a certificate of authority to transact business from the Oregon Department of Consumer and Business Affairs, or (2) obtain a certificate of authority to transact business as a foreign business entity from the Oregon Secretary of State. ORS 86.713(1)(c).

• It is customary for the title insurer to be named as the trustee on Oregon deeds of trust.