Finance
Which of the following best describes a deed of trust in Colorado?
AA document transferring title to the buyer at closing
BA security instrument involving a borrower, lender, and a public trustee holding title✓ Correct
CA title insurance policy issued to the lender
DA contract between the buyer and seller only
Explanation
Colorado commonly uses a deed of trust rather than a mortgage. In a deed of trust, title is held by a public trustee (not a private trustee) on behalf of the lender until the loan is repaid.
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