Arizona Laws 33-803.01. Trustee of trust deed; delegation of duties
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A. A trustee shall not delegate the following duties:
Terms Used In Arizona Laws 33-803.01
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Trustee: A person or institution holding and administering property in trust.
- Trustee: means an individual, association or corporation qualified pursuant to section 33-803, or the successor in interest thereto, to whom trust property is conveyed by trust deed. See Arizona Laws 33-801
1. The preparation and execution of any of the following:
(a) The notice of trustee sale.
(b) The cancellation of notice of sale.
(c) The trustee’s deed upon sale.
2. The receipt and response to requests for reinstatement or payoff amounts.
B. This section does not prohibit the trustee from using clerical or office staff employed by the trustee and under the trustee’s direct and immediate supervision to assist in the duties prescribed by subsection A.