What entities or who or is acceptable as a designated trustee on a trust deed in Oregon?
By ORS 86.790, there are four categories of valid trust deed trustees: an attorney, who is an active member of the Oregon State Bar; a title or escrow company licensed to do business in Oregon; a financial institution or trust company authorized to do business under the laws of Oregon or the United States; and a department of the United States federal government. No other entities are valid trustees are valid. In addition, please note that – on Oregon trust deeds – the trustee and the beneficiary must be different, separate entities.
