Security Instruments in Utah
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Revision as of 07:15, 4 February 2020 by Davidjenkins (talk | contribs) (Created page with "==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 lic...")
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.
