Under Washington's Deed of Trust Act (RCW Chapter 61.24), a deed of trust involves three parties. Which of the following correctly identifies all three parties?
Correct Answer
C) Trustor, trustee, and beneficiary
Under RCW Chapter 61.24, a deed of trust involves three parties: the trustor (borrower who conveys title), the trustee (neutral third party who holds bare legal title), and the beneficiary (lender who holds the beneficial interest). This three-party structure distinguishes a deed of trust from a two-party mortgage.
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