§ 36.4330. Substitution of trustees.
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/us/cfr/t38/s§ 36.4330·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In jurisdictions in which valid, any deed of trust or mortgage securing a guaranteed or insured loan, if it names trustees, or confers a power of sale otherwise, shall contain a provision empowering any holder of the indebtedness to appoint substitute trustees, or other person with such power to sell, who shall succeed to all the rights, powers and duties of the trustees, or other person, originally designated. (Authority: 38 U.S.C. 3703(c)(1))
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§ 36.4330
Substitution of trustees.
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