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News & Press: Sacramento Report

Resignation of Trustee Under Deed of Trust

Tuesday, March 19, 2019  
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Senate Bill 306 (Morrell) authorizes a trustee under a deed of trust to resign at that trusteeā€™s own election as an alternative to being replaced by the beneficiary or by their authorized agents. The trustee would have to give prompt written notice of resignation to the beneficiary or their authorized agents and makes the resignation of that trustee effective upon the recording of the notice of resignation in each county in which the deed of trust is recorded.

California Land Title Association

1215 K Street #1816 Sacramento, CA 95814-3905
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