Trustees in Utah
From WFG Wiki
- Deed of trust is the customary security instrument. Mortgages permitted but not common.
- A trustee must be
- an active member of the Utah State Bar who maintains a place within the state
- a bank, savings and loan association, savings bank, industrial bank, credit union,
- an insurance company authorized to do business and actually doing business in Utah,
- a corporation authorized to conduct a trust business and actually conducting a trust business in Utah or
- a title insurance company or agency that holds a certificate of authority or license Under Title 31A of the Utah Insurance Code that has a bona fide office in the state and is actually doing business in the state. See Utah Code Ann. § 57-1-21.
