Legal Question in Banking Law in Utah
Who holds the Note and who has Beneficial Interest?
What is the process of requesting documents from my bank showing who they have given any beneficial interest of my property to and when?
Asked on 9/15/08, 5:49 pm
1 Answer from Attorneys
Alvin Lundgren
Alvin R. Lundgren, L.C.
Re: Who holds the Note and who has Beneficial Interest?
The lender holds the note and the beneficial interest is also the lender. In some cases the seller acts as a lender.
Answered on 9/16/08, 10:16 am
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