Finance
In Utah, a trust deed (deed of trust) is used instead of a mortgage. The key difference is that a trust deed involves:
ATwo parties: borrower and lender
BThree parties: borrower (trustor), trustee, and lender (beneficiary)✓ Correct
CFour parties: borrower, co-borrower, trustee, and lender
DTwo parties plus the Division of Real Estate as guarantor
Explanation
A trust deed (deed of trust) involves three parties: the trustor (borrower) who conveys the deed to the trustee, who holds it as security for the beneficiary (lender). This structure allows for non-judicial foreclosure (trustee's sale) in Utah.
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