Finance
In Texas, the primary security instrument used in residential real estate lending is a:
AMortgage
BDeed of trust✓ Correct
CLand contract
DInstallment sales contract
Explanation
Texas uses a deed of trust rather than a mortgage as the primary security instrument. The deed of trust involves three parties: the borrower (trustor), the lender (beneficiary), and a neutral third party (trustee) who holds legal title.
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