This form is used by the current holder to transfer/assign their interest in a Deed of Trust to another party. This is usually done when a Deed of Trust has been sold. An Assignment of Deed of Trust must have the grantor(s) and grantees listed on the first page (RSMo 59.310). An Assignment of Deed of Trust must have the legal description on the first page, as required by law (RSMo 59.330 & 59.310). If a document does NOT meet standardization requirements it will become non-standard and a $25.00 non-standard penalty will be charged, in addition to the normal recording fees. (RSMo 59.310)

Current Borrowers must be notified of the assignment. Notification consists of contact information of the new creditor, recording dates, recording instrument numbers, changes in loan, etc. Included are "Notice of Assignment of Deed of Trust" forms.

The Truth and lending act requires that borrowers be notified when their Deed of Trust has been sold, transferred, or assigned to a new creditor. Generally, within 30 days to avoid up to $2,000.00 in statutory damages, plus reasonable attorney's fees. Systematic violations can reach up $500,000.00.

(Missouri Assignment of DOT Package includes form, guidelines, and completed example) For use in Missouri only.

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