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Transactions involving deeds of trust are normally structured, at least in theory, so that the lender/beneficiary gives the borrower/trustor the money to buy the property; the borrower/trustor tenders the money to the seller; the seller executes a grant deed giving the property to the borrower/trustor; and the borrower/trustor immediately executes a deed of trust giving the property to the ...
The names of these offices are usually the "Recorder of Deeds" or something similar. State statutes also prescribe the following elements: What instruments are entitled to be recorded, usually deeds, mortgages (whether or not in the form of deeds of trust), leases (usually longer term varieties), easements, and court orders. There is generally ...
The minimum age for a commercial driver's license is generally 18 years old, but federal law requires commercial drivers to be at least 21 years of age to operate a commercial motor vehicle in interstate commerce. An unrestricted driver's license is a prerequisite in all states before a commercial driver's license can be issued. [14] [15]
That means, as part of a security interest, the lender can seize the property if you do not meet your obligation to repay the debt. A deed of reconveyance is proof that the property is fully paid for.
In trust law, a trust instrument (also sometimes called a deed of trust, where executed by way of deed) is an instrument in writing executed by a settlor used to constitute a trust. Trust instruments are generally only used in relation to an inter vivos trust ; testamentary trusts are usually created under a will .
Registrants provided their own license plates for display until 1914, when the state began to issue plates. Plates are currently issued by the Arizona Department of Transportation (ADOT) through its Motor Vehicle Division (MVD). Only rear plates have been required since 1989. In Arizona, the license plate belongs to the vehicle owner.
Driving without the minimum required insurance is illegal and has steep consequences. Liability insurance in Arizona. Arizona law requires all drivers to carry a minimum level of liability ...
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