Property Ownership

In Oregon, what is the 'TRUST Act' (ORS 86.770–86.795) and what is its significance?

AA law creating trust requirements for real estate brokers
BOregon's deed of trust nonjudicial foreclosure statute governing the procedures and timelines for trustee's sales✓ Correct
CA law regulating living trusts used in estate planning
DThe law governing real estate investment trusts (REITs) in Oregon

Explanation

Oregon's deed of trust statutes (ORS 86.705–86.

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