Type of Security Instrument Used: State Law Comparison Tool Report [October 2022]


Summary

This practice note contains a report generated by the Practical Guidance State Law Comparison Tool showing a survey of state law requirements of the type of security instrument used to secure real estate financing. To secure loans by real estate, lenders use mortgages, deeds of trust, or deeds to secure debt depending upon state law. Some states permit more than one of these instruments to be used for real estate financing in the state.