Finance
In Utah, the most common security instrument for a mortgage loan is:
AA mortgage (two-party instrument)
BA deed of trust (three-party instrument)✓ Correct
CA land contract
DA security agreement
Explanation
Utah is a deed of trust state. A deed of trust involves three parties: the borrower (trustor), the lender (beneficiary), and a neutral trustee who holds legal title as security. This allows for non-judicial foreclosure, which is faster than judicial foreclosure.
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