Finance
In Missouri, a deed of trust differs from a mortgage primarily because:
AA deed of trust has no interest charges
BA deed of trust involves a trustee and allows non-judicial foreclosure✓ Correct
CA mortgage cannot be used for commercial property
DA deed of trust does not require a promissory note
Explanation
Missouri uses deeds of trust. The borrower conveys title to a trustee who holds it as security for the lender. If the borrower defaults, the trustee can foreclose non-judicially (without court action) through a power of sale.
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