Answer to Question 6

 

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Time Period Questions


6. Enforcement period for deed of trust with stated maturity date. Same, but maturity date is not stated. Same, but interest rate and monthly payments are stated. 

a. 20 years from stated maturity date 

b. 20 years from date of instrument (if can't compute maturity date in any way) 

c. 20 years from computed maturity date 

 

note: this excludes the one year extension available in the event of the death of a party in interest (which could be either the borrower or the noteholder

 

 

 

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