Under Wyoming's Trust Deed Act, which of the following correctly identifies the three parties involved in a deed of trust?
Correct Answer
D) Trustor, trustee, and beneficiary
Under W.S. 34-4-101 et seq., a Wyoming deed of trust involves three parties: the trustor (the borrower who conveys title to the trustee), the trustee (a neutral third party who holds legal title), and the beneficiary (the lender who receives the benefit of the security). This three-party structure is what enables the non-judicial trustee's sale upon default.
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