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Current as of January 01, 2025 | Updated by Findlaw Staff
(1) A recorded notice of assignment of a beneficial interest, executed by the assigning beneficiary, is prima facie evidence of an assignment of the trust deed as described in the notice.
(2) The notice of assignment of a beneficial interest shall:
(a) state:
(i) the names of the original parties to the trust deed;
(ii) the date the trust deed was recorded;
(iii)(A) the book and page where the trust deed is recorded; or
(B) the entry number where the trust deed is recorded;
(iv) the legal description of the trust property; and
(v) the name and address of the new beneficiary; and
(b) be in substantially the following form:
Notice of Assignment of Beneficial Interest
The undersigned hereby gives notice that it assigned and transferred all of its rights, title, and interest under the trust deed described below, together with all of the indebtedness secured thereby, to
(insert name and address of current beneficiary)
The trust deed was executed by ______ as trustor, in which ______ was the named beneficiary, ______ was the named trustee, and it was filed for record ______ (month/date/year), (in Book ___, Page ___, Records of ______ County Recorder)/(as entry No. ___, ___ County), Utah. This notice of assignment of beneficial interest affects the property located in ____________________ County, State of Utah, and is described more specifically as follows:
(insert legal description)
Dated ____________________
(Certificate of Acknowledgment)
Cite this article: FindLaw.com - Utah Code Title 57. Real Estate § 57-1-22.5. Notice of assignment of beneficial interest - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-57-real-estate/ut-code-sect-57-1-22-5/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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