Utah Code § 57-1-22.5 Notice of Assignment of Beneficial Interest

• Library: Utah Statutes
• Edition: 2023
• Currency: Current through the 2023 Second Special Session
• Year: 2023
• Citation: Utah Code § 57-1-22.5

(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