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A deed of trust is unlike most other deeds which are used to transfer property. Instead, this document is a version of a mortgage note which is held by a trustee until the loan is satisfied. Most often the trustee is the title company.

When a deed of trust is used the property becomes collateral which can be repossessed if the borrower defaults on their note. The deed transfers the property title to the Trustee and assigns the bank as beneficiary. Trustees have authority to sell the property through a process known as 'foreclosure by power of sale'.

Trustees are an independent party separate from the lender. Banks, credit unions, or private lenders are listed as a secured creditor which offers them protection should the borrower incur mortgage default.

Business law affects every company regardless of its size or type of entity. Companies that fail to become familiar with these laws can face stiff penalties or even jail time for non-compliance. Therefore, it is vital to understand which laws apply to your business long before opening the doors.

Business law encompasses many venues including: advertising, privacy, disclosure, copyrights and intellectual property, finance, environmental regulations, uniform commercial code, workplace safety and health, and employment and labor laws.

Advertising law pertains to the way in which products are marketed to the customers. Businesses must comply with laws and regulations established by the Federal Trade Commission when advertising products.