Finance
Under Texas law, a 'deed of trust' must contain which essential elements?
AOnly the lender's name and the property description
BThe trustor (borrower), trustee, beneficiary (lender), property description, and the debt being secured✓ Correct
COnly the property description and loan amount
DThe signatures of all three parties: trustor, trustee, and beneficiary
Explanation
A valid Texas deed of trust must identify: the trustor (borrower who grants the deed of trust), the trustee (holds legal title), the beneficiary (lender/creditor), the legal description of the property, and the debt or obligation being secured. The trustor signs the deed of trust; the trustee typically does not sign when the deed of trust is executed.
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