DUTIES OF TRUSTEE
Applied in 3 court decisions — leading case 455 F. App'x 413 - Grant Pollet v. Aurora Loan Services (2011)
Most recently applied in Richard Nugent and CAO, Inc. v. the Estate of Janie Baker Ellickson (March 2018)
Added by Acts 2007, 80th Leg., R.S., Ch. 903 (H.B. 2738), Sec. 3, eff
Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
(a) One or more persons may be authorized to exercise the power of sale under a security instrument.
(b) A trustee may not be:
(1) assigned a duty under a security instrument other than to exercise the power of sale in accordance with the terms of the security instrument; or
(2) held to the obligations of a fiduciary of the mortgagor or mortgagee.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.