Escrow & Title
What is a trustee in Nevada's deed of trust arrangement?
AThe lender who provides the loan funds
BA neutral third party who holds title to the property as security for the lender until the loan is repaid✓ Correct
CThe borrower who grants the deed of trust
DThe title company issuing the insurance policy
Explanation
In Nevada's deed of trust, the trustee is a neutral third party (often a title company or attorney) who holds bare legal title to the property as security for the lender (beneficiary) until the loan is fully repaid or the property is sold at foreclosure.
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